Pescanova, S.A. was the main company of a fishing group of companies based in Redondela, Galicia. The Pescanova group operated in 24 countries with approximately 12,400 employees. In April 2013, the company filed for bankruptcy due to liquidity problems. Pescanova was founded in 1960 by José Fernández López, who established the company in Vigo. From its beginnings Pescanova introduced new technology for the complete activity of fish processing, best defined by the factory ship which was not common in Spain at the time. The business model worked and allowed a continued growth making it one of the biggest firms in the fishing industry. More information...
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