Corticeira Amorim, S.G.P.S., S.A. acquired 50% in Cold River's Homestead, S.a. from Corticeira Amorim, S.G.P.S., S.A. for €14.5 million.
June 23, 2021
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Corticeira Amorim, S.G.P.S., S.A. (ENXTLS:COR) acquired 50% in Cold River's Homestead, S.a. from Corticeira Amorim, S.G.P.S., S.A. (ENXTLS:COR) for €14.5 million on June 24, 2021.
Corticeira Amorim, S.G.P.S., S.A. (ENXTLS:COR) completed the acquisition of 50% in Cold River's Homestead, S.a. from Corticeira Amorim, S.G.P.S., S.A. (ENXTLS:COR) for €14.5 million on June 24, 2021.
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. 
