ICG becomes a shareholder in Garnica’s industry group

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The private equity fund Intermediate Capital Group (ICG), the management team, and the Garnica family have acquired the Garnica industry group from Qualitas Venture Capital. The latter has been the company’s majority shareholder since 2006. Pedro Garnica, founder of the company, will remain as Chief Executive.

The arrival of ICG as a Garnica shareholder, along with the investment of management and the Garnica family, aims to accelerate the company’s expansion through diversification into different species of wood, organic growth, and acquisitions of other companies in the sector.

The managing director of ICG, Daniel Aymerich, has emphasized that “we are delighted to be able to support an industrial project that stands out for the enthusiasm and passion of its management team, as well as for its potential for growth and expansion.

Garnica is a unique company with a value proposition focused on sustainability, innovation, and added value.” “We are proud to involve ICG with a company like Garnica, whose productive process actively promotes improving

Read more at: https://www.europapress.es/la-rioja/noticia-icg-entra-accionariado-grupo-industrial-garnica-20160714120823.html

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