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Two brands, one leader in reliability and service.
Nicolás Correa and Industrias Anayak shareholders ratify the merger between the two companies.
The extraordinary general shareholder's meeting of Nicolás Correa and Industrias Anayak, held on December 29th, 2005, approved the merger between the two companies with an overwhelming majority.
This merger, designed for reasons of strategic importance to gain in trading dimension, should allow us to better take on the challenges posed by the new emerging markets, and has been in operation since last January. As a result, Nicolás Correa, S.A. has become the leading builder for milling machines for machining large and medium-sized pieces in the West.
Its President has said that for this year a trading figure of 80 million Euros has been anticipated.
Given the recognition gained by the correa and anayak trademarks in western markets, the company has opted to maintain and give impetus to the two brands and renew the corporate image with a new logo that will include both brands under the motto "Two brands, one leader in reliability and service". The merger boosted growth in reliability and sales by making mutual use of the correa trademark in Spain and other markets, such as China, and the excellent penetration of anayak in Germany and other important markets.
In addition, the first synergetic reduction in production, sales, purchasing and design of new products costs have been obtained, thus improving the competitiveness of its milling solutions.
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