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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), and Soraluce (mills and boring machines).
Values in Millions
Fiscal Year Ended Dec. 2008 Change Dec. 2007 Change Dec. 2006
Total Revenue, € 272.0 24% 220.0 19% 184.8
M-T Revenue, € 272.0 24% 220.0 19% 184.8
Net Profit (Loss), € not stated not stated not stated
U.S. $ Conversion Factor 1.47134 1.37074 1.25622
Total Revenue, U.S. $ 400.2 33% 301.6 30% 232.1
M-T Revenue, U.S. $ 400.2 33% 301.6 30% 232.1
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 17-billion-euro revenue that includes banking and distribution. MCC's Industrial Group incorporates machine tools, CNCs (Fagor Automation), engineering & capital goods, automotive components, industrial equipment, construction and household goods. Danobat acquired Overbeck (Germany 2002) and Newall (U.K., 2003).