La Farga announced yesterday a strategic change in its shareholding by which the Guixà family is reinforced as the main shareholder, with more than 80%, after purchasing various stakes controlled by various branches of the Fisas family, the other large shareholder of the company. This move seeks, according to company sources, to “consolidate the shareholding, reinforce its stability and ensure the continuity of the business as a family business.”
“It will contribute significantly to guaranteeing a smooth and effective transition for future generations, ensuring the continuity of La Farga’s legacy,” said the same sources, who added that a satisfactory formula has been found for both those who wanted to sell and those who wanted to sell. No. These are very common differences of opinion in family businesses, especially as families branch out.
After the operation, the Guixà family has exceeded 80%, compared to the 56% it had previously. The rest remains controlled by the Fisas family. The two parties have refused to provide the amount of the operation.
“This shareholder change is one more step that guarantees that La Farga continues to be a solid company oriented towards achieving the purpose we have as a company that respects our legacy and ensures future viability,” Oriol Guixà, president of the board, highlighted in a note. .
Along with the shareholding movement, the company advanced the provisional figures for the end of the 2023 financial year. Highly influenced by the evolution of copper prices, the company’s turnover stood at 1.3 billion euros, a figure that represents a decrease of 13 % Over the previous year. On the contrary, the gross operating result practically doubled, to 40 million euros. The company attributes this to the application of efficiency plans, the increase in sales and the maximization of the use of recycled materials.
“The result for 2023 is the result of the work of a committed team, the consolidation of our strategic plan based on sustainability as the backbone, innovation and the development of solutions, consolidating and diversifying the markets,” said Inka Guixà Fisas, the CEO.
With headquarters in Les Masies de Voltregà and a workforce of around 400 workers, La Farga specializes in the processing and recycling of copper.
