Los Benetton se refuerzan en España con la compra de la vasca Celesa

The Italian Benetton family holding firm has agreed to purchase the specialty professional cutting and hand tool group Celesa, a Spanish company, in a €100 million operation. The acquisition is part of the first major industrial move by 21Next, the family's investment platform, into Spain. 21Next is the result of Edizione, the investor arm of the Benetton family, 21 Invest, a personal project of Alessandro Benetton, and the Italian fund Tages.

Alessandro Benetton is the chairman and Panfilo Tarantelli, a founding partner of Tages, is the deputy chief executive. The investment platform, which comprises Edizione, 21 Invest, and Tages, is led by Edizione's 55% stake with 21Next. It aims to bolster Celesa's growth by expanding its commercial footprint in Europe, launching new product lines, achieving organic growth, and strengthening its commercial and organizational structure.

Celesa, a family-owned company based in Vizcaya, Spain, generates over €20 million in annual revenue and is projected to surpass €25 million this year. Its annual gross profit is about €8 million, with significant international sales, particularly from France. The Italian Benetton family holding firm sees Spain as a dynamic market with ample growth opportunities, and its involvement with Celesa is part of its broader strategy to acquire and support small and medium-sized enterprises.