The French group Etienne Lacroix just purchased Pyrotechnics Zaragozana with a clear objective: to make the Aragonese signature on the main company of the sector in Spain. The multinational, which has joined the company in its European subsidiary Ruggieri --líder in the creation and realization of shows pirotécnicos-- has designed an "ambitious" business plan for the coming years. In fact, the company Muret (south of France) and foresees investments to modernize the factory Garrapinillos and acquire new machinery.
"We prefer to be cautious and not give figures for the project, but one thing is clear: the operation will be beneficial for our company because it will boost the activity," says the CEO of Pyrotechnics Zaragozana, Miguel Pérez, who continue to lead the company. The same applies to the 35 workers who form the template and, according to Pérez, will soon reach new hires: "It will create more jobs, but it is too early to quantify it."
In this sense, integration into the French group allows you to reach new markets given its strong international presence, and access to larger shows. "The goal is to become the largest manufacturer of pyrotechnics in Spain" said Perez, who notes that currently occupy the third position in the ranking of a sector very touched by the crisis.
The emergence of China in the market and the fall of the government budget have led to the closure of many companies. "We have endured because we exported before the crisis," says Perez, who closed on the outside 40% of its sales. Still, the Aragonese firm, whose origins date back to a small workshop founded in Zaragoza in 1860, has lost some twenty jobs over the past eight years, although last year and raised its revenues by 7% to reach 3.1 million euros.
Thanks to the operation, Etienne Lacroix, which employs over 600 people and revenues of about 100 million euros, will enter fully into the Spanish and Portuguese markets.
"We prefer to be cautious and not give figures for the project, but one thing is clear: the operation will be beneficial for our company because it will boost the activity," says the CEO of Pyrotechnics Zaragozana, Miguel Pérez, who continue to lead the company. The same applies to the 35 workers who form the template and, according to Pérez, will soon reach new hires: "It will create more jobs, but it is too early to quantify it."
In this sense, integration into the French group allows you to reach new markets given its strong international presence, and access to larger shows. "The goal is to become the largest manufacturer of pyrotechnics in Spain" said Perez, who notes that currently occupy the third position in the ranking of a sector very touched by the crisis.
The emergence of China in the market and the fall of the government budget have led to the closure of many companies. "We have endured because we exported before the crisis," says Perez, who closed on the outside 40% of its sales. Still, the Aragonese firm, whose origins date back to a small workshop founded in Zaragoza in 1860, has lost some twenty jobs over the past eight years, although last year and raised its revenues by 7% to reach 3.1 million euros.
Thanks to the operation, Etienne Lacroix, which employs over 600 people and revenues of about 100 million euros, will enter fully into the Spanish and Portuguese markets.
