Fierro Group

The IF Group, also known as Grupo Iberoamericano de Fomento or Grupo Fierro, is an economic group that originated in Spain and has investments in Spain and Latin America, mostly in the industrial and financial sectors. Ildefonso Fierro, a prominent Spanish businessman, founded the Fierro Group. The group is worth over US$4 billion with an annual net income in excess of US$300 million. The Fierro Group started operations in Peru in 1961 by installing a match factory, a product in which they are a world leader. In 2001 the Fierro Group in Peru was led by Manuel Isabal Roca and consisted of 18 companies, including Banco Interamericano de Finanzas (BIF), Fosforera Peruana, Tabacalera Nacional, Aval, Representaciones Alpamayo, Filtros del Perú, Destilería Peruana, Tabacalera del Sur, Industrial Cartavio, Verona Trading, and Fosforera La Llama, employing around 5,000 staff between them.

Nowadays, Fierro Group in Venezuela (also known as Grupo Industrial Farallón de Venezuela: GIFVEN) has the first place in the share market on match industry sales, being also the owners of different companies such as FOSUCA and DIFSA. Fierro Group companies had factories such as Lander & Vera and Alimentos La Giralda, which produce and distribute different manufactured goods related to liquors and canned food. Its most recognized brands are Fosforos el Sol, La Giralda, Ponche Imperial, Ruskaya, and Licores Lander & Vera, among others.