Cupa Group acquires the slate group Samaca Irosa

07 junio 2024

Cupa Group, the parent company of Cupa Stone and Ramilo, has taken a significant step towards consolidating its leadership in the slate industry with the recent acquisition of the Samaca group. This operation not only strengthens Cupa Group’s position as the world’s leading producer of slates for roofing and facades, but also highlights its ongoing commitment to growth and innovation in the sector.

A strategic reinforcement

The integration of the Samaca group, based in O Trigal, Carballeda de Valdeorras (Ourense), into Cupa Group is a strategic move that will allow the company to expand its production capacity and commercial reach worldwide. Founded in 1968, Samaca is a company with a solid track record in the extraction, manufacture, and marketing of slate, and employs 300 people. Its operations include five quarries and seven processing plants located in O Trigal and Portela, in Carballeda de Valdeorras, and La Baña, in the Leonese region of La Cabrera.

The acquisition includes the companies Pizarras Samaca, responsible for marketing, as well as Irosa and Pizarras Gonta, which are dedicated to production. These assets will not only increase Cupa Group’s production capacity but also strengthen its presence in key markets such as France, the United Kingdom, Benelux, and the United States.

Cupa Group acquires Samaca: the impact on the slate industry

With this acquisition, Cupa Group not only reinforces its productive capacity but also reaffirms its commitment to the development and modernization of the slate industry. In 2023, Samaca recorded a turnover of 30 million euros, highlighting its relevance in the market.

Cupa Group, which in 2023 already managed 79 subsidiaries, 30 quarries, 40 processing plants, 70 distribution centers, and employed 2,800 people in nine countries, generated a consolidated turnover of 465 million euros. With the incorporation of Samaca, the company expects to reach 500 million euros in 2025, further consolidating its position in the global market.

The vision of the CEO, Javier Fernández

Javier Fernández, CEO of Cupa Group, emphasized the importance of this acquisition both economically and strategically. “This operation will expand our production capacity and allow us to expand our presence in the markets where we operate, thus strengthening our leadership. The purchase of Samaca is the most important in the history of Cupa Group and demonstrates our absolute confidence in the future of the slate sector.

Fernández also highlighted the company’s commitment to the modernization and sustainable development of the sector. “We firmly believe in the high growth potential of the slate sector, provided we continue investing in its modernization and development. Our sustainable business model is generating stable and quality employment and significantly contributing to the socio-economic development of the rural areas where we operate

Future Prospects

The integration of Samaca into Cupa Group represents not only an important milestone for the company but also has significant implications for the slate industry in general. The acquisition strengthens Cupa Group’s ability to serve international markets and meet the growing demand for high-quality slate.

Additionally, this operation reinforces Cupa Group’s inorganic growth strategy, which had already incorporated Pizarras Gallegas, Proinor, Lomba, and Rinus Roofing in 2021. With each acquisition, Cupa Group not only increases its production capacity but also integrates new technologies and knowledge that strengthen its competitive position.

You can read the official press release from Cupa Group here.

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