Copreci S. Coop, one of the world leader manufacturer of components for household appliances, has closed an agreement to purchase all the assets of the valve production process from the Italian manufacturer, Defendi S.r.l., a subsidiary of the E.G.O.-Group.
This agreement strengthens the leading position in the gas cooking appliance business for both companies; Copreci’s in the gas valves and Defendi in terms of gas burners.
As stated by Imanol Oleaga, Managing Director of Copreci Group, “In such a complex context as the current one, Copreci is approaching this operation as a way of guaranteeing the growth challenges we face in the field of gas cooking, strengthening our position in traditional markets and reinforcing our commitment to new markets. This agreement will bring more possibilities to gas appliance manufacturers”.
Robert Vuga, Managing Director of DEFENDI-Group says: ”We are consistently pursuing our chosen strategy by taking this step. It gives us the opportunity to focus on our core products. At DEFENDI we have a lot of new ideas. We are confident about the future and look forward to presenting many new technologies and products with benefits”.
Copreci is a cooperative, part of MONDRAGON Corporation and recognized by domestic appliance manufacturers all over the world, especially in the white goods sector. It currently has a workforce of more than 1600 people and production plants in Spain, the Czech Republic, Italy, Turkey, Mexico, the United States and China.