Ebroacero Diversifies Its Product Portfolio Through the Acquisition of Toledo-Based Company FTR

• Ebroacero acquires Toledo-based foundry FTR to diversify its product range and add iron casting capabilities.

• The acquisition enables the launch of a new stainless steel casting line with production expected to start next summer.

• Workforce at the Torrijos facility will nearly double to 30 employees, supporting growth and capacity expansion.

• The transaction expands Ebroacero's geographic reach and production capacity while maintaining FTR's operational identity within the group.

The transaction adds a plant specialized in iron casting to the group and will enable the development of a new stainless steel product line. Ebroacero plans to double the workforce at the Torrijos facility to nearly 30 employees.

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Ebroacero has strengthened its growth and diversification strategy through the acquisition of FTR, a foundry located in Torrijos (Toledo) specializing in the manufacture of iron, ductile iron, and other alloy castings.

The transaction will allow the Aragon-based company to complement its traditional business, primarily focused on carbon steel castings, and take on projects that previously fell outside its manufacturing capabilities. In addition, integrating this facility opens up new commercial opportunities in central Spain thanks to its proximity to Toledo and Madrid.

One of the main objectives of the acquisition is to launch a new stainless steel foundry line at the Torrijos facilities. Ebroacero has already acquired the furnaces and is installing the machinery and equipment required for production. The company expects to manufacture its first samples next summer, with the capability to produce castings weighing up to 1,500 kilograms.

This new activity will expand the group’s portfolio of products and materials. Currently, Ebroacero manufactures carbon steel castings ranging from approximately one kilogram to 14 tonnes in weight, while the Toledo plant specializes in castings of up to 1,500 kilograms.

According to Ignacio Giménez, CEO of Ebroacero, the acquisition reflects the company’s intention to broaden the range of materials it works with, strengthen its position in the iron and iron-alloys market, and develop new capabilities in stainless steel casting.

FTR will maintain its identity and operations, although it will be integrated into the group’s corporate structure. Both plants will share commercial, technical, and administrative resources and will benefit from synergies between their production capabilities and customer portfolios.

The acquisition will also support Ebroacero’s growth in light of the space constraints at its Zaragoza facilities. Incorporating an already operational factory enables the company to expand production capacity more quickly than building a new plant from scratch.

The transaction will also have a positive impact on employment. Ebroacero currently employs 97 people, while FTR has a workforce of 15. The goal is to increase the Torrijos plant’s team to nearly 30 professionals by next summer, and the company has already begun recruiting new staff.

With more than six decades of experience, Ebroacero is adding a second production facility outside Aragón and strengthening its ability to serve industrial projects requiring different materials, sizes, and casting solutions.