A single shareholder
FagorBrandt is an entity of the Spanish Mondragón cooperative, established 50 years ago. Mondragón cooperative is the sole shareholder in FagorBrandt. Today the Fagor Group is the only Spanish multinational in domestic household appliances.
The acquisition of Brandt enabled Fagor to expand its industrial expertise and become Europe's 5th largest manufacturer.
The Fagor Group is ranked N° 1 in France (with an 16% market share in value) and Spain (16.4%) in 2009, including microwaves.
The Group reported an estimated turnover of €1.412 billion in 2009, with more than 8,405 people employed worldwide at 19 production sites in 6 countries (Spain, France, Italy, Poland, Morocco, China).
The Fagor Group is a Mondragón cooperative company (employing 85 117 people, from 270 companies and with a turnover of around €13,853 billion in 2009).
Mondragón cooperative is divided into three areas of activity: distribution, banking and industry. Fagor is the largest industrial entity.

