Benetton Acquires Basque Toolmaker Celesa for €100M, Expands Spain Footprint

Benetton has acquired Celesa, a Basque group specializing in professional cutting and hand tools, for €100 million. The deal marks a strategic expansion of Benetton's industrial portfolio in Spain, though financial details and strategic rationale beyond diversification remain undisclosed. The acquisition signals continued consolidation in the European tools sector.