CNA Group announces the acquisition of the production units of Fagor

On 31st October 2014, the signing was finalised of the acquisition by the CAN Group of the production units of Fagor Electrodomésticos, in accordance with Acquisition Court Order of the Donostia Mercantile Court 1.

The notarised signature concerning the transfer of assets on behalf of CNA Group was carried out in Barcelona in the presence of the following signatory banks, led by CaixaBank:  Bankia, CaixaBank, Banco Popular, Banco Sabadell and Banco Santander.

As already communicated, the whole process of recruitment has been carried out, consisting almost entirely of former cooperative partners and experienced employees. These contracts represent 155 new jobs that will be added to different departments so that the new company’s commercial and industrial activity can be carried forward with immediate effect.

CNA Group is committed to the values and experience of those who placed Fagor in its lead position in the past.

From an industrial point of view, we have been working on the production planning for the next few months, carrying out the supply of components, with the clear objective of starting up the production activity of the Garagarza and Eskoriatza plants and for carrying out progressive industrial implementation of the new project.

The business setting up and activation follows with the suggested deadlines. 

The beginning of the new Fagor starts today.