Lacor-Ibili Group acquires Spain’s leading producer of stainless steel and silver cutlery. The synergies in the activities of both companies will allow the Group to reach a turnover of 100 million in the coming years, with a joint workforce of 200 employees.
Lacor-Ibili Group and JAY Industrial Cubertera de Galicia, both family-owned companies with extensive experience in their sector, are joining forces to consolidate themselves as one of the main leaders in the kitchenware and hospitality sector. With this agreement, the Lacor-Ibili Group significantly increases its product offering and JAY Industrial Cubertera de Galicia consolidates its leadership in the market by continuing with the activity driven by the founding family.
The facilities of JAY Industrial Cubertera de Galicia will continue to operate at full capacity and will represent an increase in the manufacturing facilities for the Lacor-Ibili Group of 10,000 m2.
CEO of the Lacor-Ibili Group, Izaskun Larrañaga, commented “our main objective is to continue growing in the sector by offering our clients the best service with an increasingly wide range of high-quality products”.
About the Lacor-Ibili Group
Lacor-Ibili Group located in the Basque Region, is a family-owned company that sells its products in more than 80 countries with a high degree of internationalization and a determined digital sales strategy. It has two work centres in Bergara and a workforce of 100 workers, and another 65 jobs in its logistics warehouse. The Group markets the Ibili brand, which is aimed mainly at the household market, and the Lacor brand, which is aimed at the household and hospitality sector.
JAY – Industrial Cubertera de Galicia S.A., for more than 60 years, specialises in the manufacture of 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 products. It currently employs 30 people and is the leader in Spain among cutlery manufacturing companies.
