| Luis Calvo Sanz, S.A. | |
| Type: | Sociedad Anónima |
| Foundation: | Carballo, Galicia, Spain (1940) |
| Founder: | Luis Calvo Sanz |
| Location City: | Carballo |
| Location Country: | Spain |
| Area Served: | Nationwide |
| Key People: | José Luis Calvo Pumpido (President) Manuel Calvo García-Benavides (Managing Director) |
| Industry: | Canned goods |
| Revenue: | €426.72 million (2009) |
| Net Income: | €15.7 million (2009) |
| Divisions: | Calvo Conservas Calvo Envases |
| Subsid: | Calvo, Razo, Nostromo, Gomes da Costa, San Marco |
The Calvo Group is a backward vertically integrated group of companies dedicated to fishing, processing and distribution of canned goods. The group is centred on Luis Calvo Sanz, S.A., a company established in 1940 in Carballo.[1] [2]
Grupo Calvo operated in the town of Guanta, Venezuela under the name "Atuneras del Oriente" (ATORSA) and, later, as Industrias Calvo Conservas de Venezuela S.A.[3] Between 1991 and 2001, they had to temporarily close due to lack of tuna.[4]
In 2003, Calvo opened a facility in El Salvador, specifically, in Puerto La Unión.[5] In 2006, Calvo expanded its canned fish facility in Gomes da Costa, Brazil.[6] In November 2008, Calvo closed its cannery in Laayoune, Western Sahara.[7] In 2008, Calvo had a net profit of two million euros.[8] Since 2017, the power of the company is 77.8% in the hands of the Calvo family and 22.2% in the hands of the Italian giant Bolton Group, who paid a total of 70 million to take over the shares they previously had.[9] In 2017, and for the first time, it began to distribute its products under the white label of the Día supermarket chain.[10]