Europe News

Spain’s Largest Family Firms

Family Business United continues to champion the family business sector and is delighted to be able to share details of the largest family firms in Spain.  Like many countries, family firms are the backbone of the Spanish economy and collectively the thirteen largest family firms in Spain have been trading for over 878 years.

In terms of turnover they collectively generate turnover of $137,880 million and employ 830,000 people.

As Paul Andrews, founder and CEO of Family Business United who champion and celebrate the contribution of family firms around the world adds, “The contribution of the top family firms in Spain should not be under-estimated as it goes far and beyond revenue generation and jobs.  These businesses are at the heart of communities across the country and make a difference to lives each and every day.  They deserve recognition for the wealth they create, the employment they provide and the support they give to organisations through their philanthropic endeavours too.”

Rank Family Business Year Founded Revenue 2018
$ Millions
Staff
2018
1 Fomento de Constucciones y Contratas 1900 $6,985 54,252
2 Grupo Villar Mir 1987 $6,845 30,547
3 Industria de Diseno Textil 1963 $31,516 171,839
4 Ferrovial 1952 $6,587 82,515
5 Obrascon Huarte Lain 1911 $3,328 12,167
6 Mercadona 1977 $25,741 85,800
7 Grupo Antolin-Irausa 1950 $5,947 30,899
8 El Corte Ingles 1935 $18,080 90,004
9 Tecnicas Reunidas 1960 $5,033 8,971
10 Prosegur Compania de Seguridad 1976 $4,510 167,987
11 Gestamp Automocion 1997 $9,934 38,988
12 Globalia Corporacion Empresarial 1971 $4,268 15,035
13 Acciona 1916 $9,127 38,544
Source: Family Capital and PwC Research into the 750 Top Family Businesses 
Note - A family or families had to control at least 50% of the voting shares in a private company or at least 32% of the voting rights in a publicly listed company 
Note - Only family firms older than 20 years are included allowing a level of transition from the first generation to some participation of the next generation

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