Curtiembres Fonseca is under a new ownership. A group of Argentinian investors acquired the company, which is the main one in the country. The new board is already operational.
Curtiembres Fonseca is under a new ownership
As reported by cueroamericano.info, the now ex-owner communicated that the company’s stocks have been sold to a group of investors. The move, always according to the note, will guarantee no job cuts and operational continuity.
New board of the main tannery in Argentina has elected Raul Zylbersztein, a known name within the segment, as president of the board. “The new owners plan on continuing to show clients, workers and suppliers, the same efforts that Fonseca has guaranteed successfully in the past – stated Diego Beverstein, CEO of the company, to serma.net –. The goal is to grow the business in the upcoming years”.
Curtiembres Fonseca was created in 1954 and manufactures over 1 million pieces of leather per year. Its areas of focus are the automotive segment, leather goods and footwear. The site currently occupies 70,000 square meters in Lanùs, near Buenos Aires. As reported by serma.net, the company acquired nearby tannery Coplinco in 1995, and the following year built a fastening system. In 1999, thanks to a joint venture with US-based Eagle Ottawa, the company increased its presence in the automotive segment. The Argentinian tannery also opened a site in China in 2011, where a plant ensured closeness to the local footwear marketplace.
Photo from fonseca.com.ar
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