June 2005
The Fagor Group became the sole shareholder in FagorBrandt thus creating the 5th largest European household appliance Group.
The Group saw instantly that its involvement and expertise in the household appliance industry offered enormous potential synergies in purchasing, branding, and Research & Development.
A quick success
The Group's acquisition was focused on achieving a quick success. It therefore focused on France, a country with profitable activities, confirmed industrial expertise, 5 highly operational production sites (4 in France and 1 in Italy), a well- established commercial operation, close relations with the distribution network and deep-rooted traditional corporate values ...

