Bruno Ruiz Arrue
Norgestion
LACOR - IBILI
Deal Type
Acquisition
Sector
Consumer
Completion Date
13th November 2024
Deal Value
Not disclosed
Company Background
Located in the Basque Country, Labor-Ibili is a group of family-run companies that sells its household and kitchenware products in more than 80 countries with a high degree of internationalisation and a determined digital sales strategy.
It has two work centres in the Basque region and a total workforce of 165 workers. The Group markets the Ibili brand, which is aimed primarily at the household market, and the Lacor brand, which is aimed at the household and hospitality industry.
Deal Summary
Norgestion advised Lacor Ibili, a company dedicated to the manufacture and distribution of household and kitchenware on the acquisition of Jay - Industrial Cubertera de Galicia.
JAY - Industrial Cubertera de Galicia S.A., specialises in manufacturing high-quality cutlery for the household and hospitality sector, using mainly stainless steel and sterling silver. Founded in 1963, it stands out for its avant-garde design and its focus on the durability and elegance of its cutlery.
It currently employs 30 people and is the leading company in Spain among cutlery manufacturers
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