International listings of Properties Sold in Sobremazas by Owners and Agents

The plant is located in Northern Spain, in Sobremazas, province of Cantabria. Its current address is "Novoforma S.A., Ctra.Gral.s.n., 39718 Sobremazas, Cantabria, Spain", and its GPS location is 43º 37"54" North and 3º 74"45" West. Ownership: The property is shared by two companies:"Herpesa s.l" and "Novoforma Sistemas s.a". Herpesa owns a production plant of 3,000 m2 plus 4,226 m2 of urban area. Novoforma owns four production plants of 1,250 m2, 1,800 m2, 4,500 m2 and 2143 m2, plus an urban area of 7,247 m2. The use of the urban area is shared by both companies for their access and operative needs. Total production area: 12,693 m2 + area for offices: two floors of 145 m2 each +11,473m2 of urban area (acces + vehicles parcking zones). Overal area of 23,061 m2. History of Novoforma: Novoforma Sistemas s.a. started the manufacturing of office furniture in year 1973, under the name of "Herpesa s.l.". In 2001 Novoforma focused its activity in the production of tables, cabinets and cases for office use. On the other hand, Herpesa dedicated its activity to the commercialization of furniture in Cantabria and to the production of office chairs. It makes office furniture both for clerical work and for the executive level. MDF boards are used in the managerial lines, while clerical lines are mostly made with particle boards. The use of MDF allows shaping the edges with different forms. Particle boards are finished with straight PVC edges. Nowadays office tables of both levels are made with two different materials: wooden tops and steel bases: Equipment: Since its beginning of activity in 2001, the company had been experienced a constant growth until year 2008, when it started the sales reduction up to now. In the years of company growth, it invested heavily in the latest technology of machinery. All the equipment was bought to BIESSE, Italy. Know How: The production plant is run by 19 employees, specialized in each section of the manufacturing process. Each worker should manage at least one machine, and is fully responsible for it. Recent performance: from maximum turnover to recession. The company had in year 2007, over 200 clients in Spain, around 50 clients in France, added to more clients in the UE, Like Portugal, France, Italy, Greece, Belgium, The Netherlands, Luxembourg, Germany and Ireland. Outside the UE, Novoforma had clients in Russia, Morocco, Middle East and Guinea. The strong recession of year 2008 onwards, that led to an overall economic crisis, led Novoforma to concentrate on its remaining customers in Spain ,France and Italy. Outside the UE, efforts were addressed to Morocco and Middle East.