Founded in 1964 by José Sánchez Peñate, who named it with his initials, JSP was one of the most widespread food companies in the Canary Islands and after years of prosperity, it had a turnover of 125 million euros per year.
However, it accumulated successive years with economic losses and rescue attempts, which led the company to enter bankruptcy proceedings in 2021. Now the company's last assets in Lanzarote are being auctioned, two moorings in the Playa Blanca marina, owned by the company.
In the rest of the Canary Islands, the two JSP warehouses in Candelaria, where it manufactured dairy products, and another in Las Palmas de Gran Canaria, dedicated to coffee and bakery products, are also being auctioned.
It had more than 7,000 points of sale
Dedicated mainly to dairy products with the brands Celgán and Millac, and to coffees, infusions and packaged meats under the JSP acronym, the company was present in more than 7,000 points of sale and also produced private label products for different supermarkets.
JSP had more than a thousand workers between Gran Canaria and Tenerife, and had delegations in Seville and Madrid.
After having entered bankruptcy proceedings in June 2022, with production almost stopped and its presence in the market reduced to practically zero, an attempt was made without success to find a buyer for the company's production units, with the aim of maintaining the largest number of jobs.
Bankruptcy proceedings increased by 6.5% in the Canary Islands
Bankruptcy proceedings increased in the Canary Islands by 6.5% in 2022 compared to the previous year, which places the archipelago as the second community with the slightest increase, only one tenth more than the Balearic Islands.
These are the two regions of Spain where bankruptcies increased the least, since in general all the communities registered increases last year, to a greater or lesser extent.
On average, in Spain as a whole, bankruptcy proceedings grew by 19.8% in 2022. Specifically, in the Canary Islands there were 445 bankruptcy applications last year compared to the 418 recorded in 2021, according to data from the College of Registrars of Spain.
