The fixings company for industry and construction separates the buildings from the productive area with the intention of promoting both businesses.

Desa, a listed company of anchoring and fixing systems for industry, agriculture and construction, will bring to its next meeting, to be held on June 27, the project to segregate real estate assets into a subsidiary controlled 100% by the own listing. The valuation of the operation amounts to 11.5 million euros.

The firm, chaired by Enrique Morera Guajardo, thus wants to avoid “confusing the industrial and commercial business with real estate” and provide both with autonomous management, with the capacity to have their own development.

Specifically, the company justifies the operation for three economic reasons. The first is to “rationalize and reorganize the business structure.” The second consists of “facilitating financial and administrative control” of the exploitation of real estate, which will allow its “development” and “better efficiency in the allocation of resources within the group”. Finally, there is the “separation of own risks” of two “clearly differentiated” activities such as real estate and industrial.

The new company, which will subrogate all the corresponding commitments and jobs, is called Grupodesa Property and the four main assets that it will manage are a factory and land in Elcano (Navarra), a warehouse in Orkoien (also in Navarra) and the warehouse for Valls (Alt Camp), where the group has its corporate headquarters. The company will be born with a liability of 4.42 million and 2.5 million shares, all in the hands of Desa, and will have a net asset value of 7.1 million euros.

The company closed last year with a turnover of 48.1 million euros, 21% more than in 2020 and above pre-Covid values. In addition, it managed to quadruple its net profit, to 3.76 million. Its capitalization is 27.7 million.

Desa, directed by José María Vidal, has subsidiaries in France and Portugal, and distributors on five continents, and has a total workforce of 160 people.

The listed company is controlled by three family groups through two companies: Maden (29.64%), owned by the Segarra Brufau; Sarm (20.24%), owned by the Morera, and Gestión Ixúa (16.26%), owned in turn by Aitor Careaga and Aitor Barrenechea. The three add up to 66% of the titles.