Corticeira Amorim SGPS S A : completes the acquisition of Cold River’s Homestead, S.A.
June 15, 2022 at 08:03 pm
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Corticeira Amorim, SGPS, S.A. completes the acquisition of Cold River's Homestead, S.A.
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15 Jun 2022 20:40 CEST
Company Name
Corticeira Amorim-SGPS
ISN
PTCOR0AE0006
Market
Euronext
Symbol
COR
2022-06-15-corticeira-amorim-pr.pdf
Source
CORTICEIRA AMORIM SGPS SA
Provider
Euronext
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Corticeira Amorim SGPS SA published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 19:02:05 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 985.5 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 (75.9%), Composite Cork (12%), Floor and Wall Coverings (9.1), Insulation Cork (1.6%) and Raw Materials (1.4%).
Net sales are distributed geographically as follows: Portugal 6.8%), EU excluding Portugal (61.8%), Other European countries (2%), the United States (16.4%), America excluding the United States (6.5%), Australasia (5.1%) 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. 
