Corticeira Amorim SGPS S A : informs about the acquisition of a 50% stake in Saci, S.r.l, headquartered in Ivrea, near Turin, Italy
January 11, 2022 at 12:08 pm EST
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Corticeira Amorim, SGPS, S.A. informs about the acquisition of a 50% stake in Saci, S.r.l, headquartered in Ivrea, near Turin, Italy
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11 Jan 2022 17:50 CET
Company Name
Corticeira Amorim-SGPS
ISN
PTCOR0AE0006
Market
Euronext
Symbol
COR
20220111corticeiraamorimdisclosure.pdf
Source
CORTICEIRA AMORIM SGPS SA
Provider
Euronext
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Corticeira Amorim SGPS SA published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 17:07:07 UTC.
Tracing its roots back to the 19th century, Corticeira Amorim, SGPS, S.A. has become the world's largest cork and cork-derived company in the world, generating more than EUR 1,021 million in sales to more than 100 countries through a network of dozens of fully owned subsidiaries. With a multi-million Euro R&D investment per year, Corticeira Amorim, SGPS, S.A. has applied its specialist knowledge to this centuries-old traditional culture, developing a vast portfolio of products, solutions and materials that are used by blue-chip clients in industries as diverse and demanding as wines & spirits, aerospace, automotive, construction, sports, architecture and design.
Net sales by business unit break down between Cork Stoppers (72.8%), Floor and Wall Coverings (12.5%), Composite Cork (12%), Insulation Cork (1.4%) and Raw Materials (1.4%).
Net sales are distributed geographically as follows: Portugal (7.5%), EU excluding Portugal (62.6%), Other European countries (2.4%), the United States (14.6%), America excluding the United States (7%), Australasia (4.5%) and Africa (1.4%).
Corticeira Amorim, SGPS, S.A.'s responsible approach to raw materials and sustainable production illustrates the remarkable interdependence between industry and a vital ecosystem - one of the world's most balanced examples of social, economic and environmental development.
CORTICEIRA AMORIM, SGPS, S.A. 
