Companies within the telecommunications and pharmaceutical industries have been merging like mad, and the fervor has spread to the distribution industry. Covirán will absorb Unide, the biggest distribution company in Madrid. The companies are pursuing the deal in an effort to weather the effects of reduced consumer spending.
Also, Covirán is strengthening its national leadership and expanding to Madrid, where it no major presence before. Thanks to the merger, both companies will boost their annual sales by 900 million euros. This is a significant amount that will let them be more competitive overall and increase their global focus. Specifically, the group will focus on growing in Portugal and Morocco.
