The outgoing administration, led by Fred Chaoul and Fernando Beverstein, announced in a statement that the transfer of the shares would secure the continuity of the business, honoring contracts with its customers and suppliers, and maintaining jobs. They also celebrated that "the company continues to be an industry with national capitals, and that the goal remains to produce and to grow". Speaking to their staff, they highlighted that this is “a new challenge for everyone, a great opportunity to show what we know how to do, trust our company and our skills, be more of a team and adapt to new challenges.”

Raúl Zylbersztein announced his goal of continuing the high standards of quality and reliability that have made Curtiembres Fonseca an important player in the global leather industry. The new shareholders plan to maintain Fonseca’s well-known commitment with its customers, employees, and suppliers, with the goal of expanding business in the coming years.

Founded in 1954, Curtiembres Fonseca is a Buenos Aires-based, leading Argentine company in the manufacture of finished and semi-finished leathers for the automotive, furniture, footwear and leather goods industries. It currently produces more than 1,000,000 high quality leathers a year, which are exported to more than 20 countries. The new team of investors will help the company increase this volume and expand business, together with its traditional costumers and those to come.

It should be noted that the company obtained in 2012 the important environmental certification from the Leather Working Group (LWG). This is in addition to those of its quality management system (ISO 9001: 2015), and ISO TS 16949: 2016, and the certification of its environmental management system (ISO 14001: 2015).