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Danobat Group Country: Spain
Arriaga Kalea, 21, 20870 Elgoibar (Guipúzcoa), Spain. Phone 34-943-748300.
www.danobatgroup.com Brands: Danobat, Soraluce, Estarta, Overbeck, Newall
Cooperative holding company www.mcc.es
Spanish cooperative combines six companies: Danobat (grinders, lathes, saws), D+S Sistemas (special machines, machining centers), Estarta (centerless grinders), Goiti (punching & folding machines and lasers), Lealde (lathes, merged into Danobat 2008), and Soraluce (mills and boring machines).
Values in Millions
Fiscal Year Ended Dec. 2009 Change Dec. 2008 Change Dec. 2007
Total Revenue, € 248.0 -9% 272.0 24% 220.0
M-T Revenue, € 248.0 -9% 272.0 24% 220.0
Net Profit (Loss), € not stated not stated not stated
U.S. $ Conversion Factor 1.39463 1.47134 1.37074
Total Revenue, U.S. $ 345.9 -14% 400.2 33% 301.6
M-T Revenue, U.S. $ 345.9 -14% 400.2 33% 301.6
Net Profit (Loss), U.S. $ not stated not stated not stated
Financial Notes:
Danobat Group forms part of MCC, Mondragón Corporación Cooperativa, a 150-company Basque business group with 9-billion-euro revenue that includes banking and distribution. MCC's Industrial Group incorporates machine tools, CNCs (Fagor Automation), hydraulic presses (Onapres), engineering & capital goods, automotive components, industrial equipment, construction and household goods. Danobat acquired Overbeck (Germany 2002) and Newall (U.K., 2003); added plant in Pune, India, 2011.