Business · Companies · 5 hrs ago

Beretta marks 500 years as it expands its focus on defence

Beretta marks 500 years as it expands its focus on defence

Beretta Holding has reached 500 years in business and says it is the world’s oldest industrial family dynasty.

The company remains in the hands of the 15th generation of the Beretta family.

In Spain, its business makes shotguns and shotgun chokes and employs 56 people.

The group is looking to defence as the war in Ukraine has created new opportunities in Europe, including in work with Spain’s Defence Ministry and security forces.

Defence accounts for 40% of the group’s market, while civilian business makes up the rest, including sport shooting and hunting.

Beretta has also expanded through acquisitions, including a successful offer to buy into US gunmaker Sturm, Ruger & Co.

In Spain, a partnership with hunting retailer Serbal will help Beretta enter retail, and its local business is due to change its name to Outdoor Enterprise España.

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What people are saying

Ander RiscoManaging director of Beretta Benelli Ibérica
The company remains in the hands of the 15th generation of the Beretta family and largely preserves the values of tradition, innovation and the group’s long-term vision.
via El Mundo
Many opportunities are emerging.
via El Mundo
Cristina López de CeballosSerbal founder
I was very lucky that Beretta noticed me.
via El Mundo