INFO GRAPHIC
PERCENTAGE OF SPANISH COMPANIES THAT ARE FAMILY BUSINESSES BY SECTOR:
All sectors combined: 79% Construction
Commerce Agriculture, livestock farming, forestry and fishing Manufacturing industry Catering Transport and warehousing Information and communications Education, healthcare, defence and security Professional and administrative activities Utilities Artistic and recreational activities Financial, insurance and property services Other services
70% 69%
63% 57% 53% 79%
(Source: The Family Business in Spain 2015, Institute of Family Business in Spain)
PRESENCE IN PARTICULAR MARKETS OF SPANISH FAMILY BUSINESSES WITH OVERSEAS SALES: CANADA
8%
32% US
23%
LATIN AMERICA
EUROPE 86% AFRICA 27%
(Source: The Family Business in Spain 2015, Institute of Family Business in Spain)
The brothers Isak and Nahman
Andic control the clothing chain Mango, which they founded, and the second generation is heavily involved and poised to take the reins. Another fashion titan, Zara, is part of Inditex, whose co-founder and former chairman, Amancio Ortega Gaona, is among the handful of wealthiest people in the world. Spain’s construction industry has
many family-run players, including Acciona and ACS, companies that have weathered a domestic downturn in the sector even more severe than that experienced by the economy as a whole.
66
CAMPDENFB.COM ASIA
85% 85% 84% 82% 82%
79% 78%
COMPANY FOCUS
DRIVEN TO SUCCEED: GRUPO ANTOLÍN
FAMILY 31%
Avelino Antolín Lopez ran a vehicle and agricultural machinery garage in the northern Spanish city of Burgos with sons Avelino and José, who showed entrepreneurial flair with their invention of a rubber-metal steering joint in 1950. In 1959, the family founded ANSA to produce vehicle suspensions and steering joints, and eight years later diversified into accessories and trims. Various spin-off companies were founded and, in 1985, consolidated under the Grupo Antolín holding company ahead of international expansion. Avelino died in 1995, but José remained chairman until 2012, by which time the next generation had long been involved with the company. José was replaced as chairman by Avelino’s son Ernesto, now 53, while José’s daughter Maria Helena, now 51, became vice chairwoman. Her sister Emma is on the board and her father retains a seat.
X-FACTOR
Countless household name car producers are customers of Grupo Antolín and the company has made a determined effort to diversify its customer base to lessen what had been a heavy reliance on the Volkswagen group. Its products are in one in every three cars produced globally and it was involved in 42 out of 154 model launches worldwide in 2016. A full-service supplier of interior modules, it undertakes design and development as well as production. The family has complete ownership after buying back the 23% stake held by two banks and a savings fund in 2013. Since then they have shown huge ambition in their purchase of Magna Interiors two years later. The deal doubled the size of the company and saw revenues in 2016 exceed €5 billion ($6.2 billion)— more than double the total in 2014.
THE ROAD AHEAD
For decades Grupo Antolín has had a non-family chief executive, but family control remains highly important, with the children of each founder having a pivotal role. The family want to be models for other family businesses and earlier in 2018 set up new advisory boards and a corporate governance/ CSR committee. To embed itself with key customers, Grupo Antolín has invested heavily in facilities close to their factories. Although still earning most of its revenue in Europe, the company is aggressively growing further afield, having achieved its largest-ever order in 2016 when Fiat Chrysler selected it to produce the door panels for its Ram utility vehicle and truck division. The company is also expanding in China and has made major investments in India, another key automobile growth market.
GRUPO ANTOLÍN IN NUMBERS
Founded 1950
€5.2 billion Revenues
($6.5 billion) 2016
Employees 26,194 ISSUE 73 | 2018
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