Cary Group acquires Spanish firm Ralarsa to expand in Europe

Cary Group, a European provider of vehicle glass repair and replacement services, has acquired Auto Cristal Ralarsa ("Ralarsa"), the second-largest company in the Spanish vehicle glass repair and replacement market. The acquisition strengthens Cary Group's presence in the Iberian Peninsula.

In 2020, Ralarsa operated over 235 workshops, with 155 being franchised, and utilized 85 mobile units. The company's total sales, including franchise revenue, amounted to EUR 51 million, with net sales attributable to the company at EUR 25 million. Approximately 375 employees are part of the acquisition.

"I am pleased to welcome another strong and well-appreciated brand to Cary Group. With the same set of values derived from its history as a family-owned company, strong relationships with insurance providers, a leading market position, and profitability in line with Cary Group's, Ralarsa is a logical addition to our business," said Anders Jensen, CEO of Cary Group. Jensen highlighted the Spanish market's growth outlook for vehicle glass repair and replacement.

Ralarsa specializes in vehicle glass repair and replacement, including the calibration of Advanced Driver Assistance Systems (ADAS). The company operates through its own and franchised workshops, as well as mobile units. It also maintains three distribution and logistics warehouses located in Barcelona, Madrid, and Sevilla, serving the entire Spanish market.

Founded in 1978 and headquartered in Barcelona, Ralarsa's current CEO, Joan Jordi Arsalaguet, will continue to lead the company under Cary Group's ownership. The acquisition, which encompasses a 100 percent stake in Ralarsa, was signed and closed on July 29, 2021. Ralarsa's financial results will be included in Cary Group's reporting from the third quarter of 2021.