Corticeira Amorim : SGPS, S.A. informs about the acquisition of the company S.A.S. SODILIÈGE
September 11, 2017 at 11:59 am EDT
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Press release
Corticeira Amorim
Mozelos, September 11, 2017
MATERIAL DISCLOSURE
Mozelos, September 11, 2017 - CORTICEIRA AMORIM, S.G.P.S., S.A., in
accordance with article 248, paragraph 1, point a) of the Securities Code, hereby informs the general public and, in particular, its shareholders of the following:
A CORTICEIRA AMORIM, through its subsidiary AMORIM BARTOP - INVESTIMENTOS E PARTICIPAÇÕES, S.A., has entered into an agreement for the acquisition of the company S.A.S. SODILIÈGE, located in Merpins, Cognac (França).
On this date, CORTICEIRA AMORIM concluded the acquisition of 100% of the share capital of SODILIÉGE. CORTICEIRA AMORIM has also made a commitment to acquire the manufacturing and administrative facilities where SODILIEGE operates. The global amount of the operation totals 3 million euros (M€).
SODILIÉGE produces and distributes bartop closures for alcoholic and spirit drinks such as cognac and armagnac. It manufactures a portfolio of high quality and diverse bartops, producing stoppers to the specifications of its customers and making bartops in a range of different materials, including metal (zamac and tin), glass, wood, porcelain and plastic. The company uses plastic injection technology.
In the 2016 financial year, SODILIÉGE registered a turnover of € 3.2 million. Its highly specialised workforce comprises 12 employees.
By means of this operation, CORTICEIRA AMORIM has acquired a company that operates in the important Cognac-producing region and has a portfolio of products recognised for their quality and consistency as well as a portfolio of important customers in the spirits production segment. Through this operation, CORTICEIRA AMORIM is thus increasing its presence in this geographic area and promising business segment.
Mozelos, September 11, 2017 The Board of Directors of
CORTICEIRA AMORIM, S.G.P.S., S.A.
Mozelos, September 11, 2017 2/3
About Corticeira Amorim SGPS, S.A.:
Tracing its roots back to the 19th century, Amorim has become the world's largest cork and cork- derived company in the world, generating more than Euro 640 billion 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, Amorim has applied its specialist knowledge to this centuries-old traditional culture, developing a vast portfolio of 100% sustainable products that are used by blue-chip clients in industries as diverse and demanding as wines & spirits, aerospace, automotive, construction, sports, interior and fashion design.
Amorim'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. Public Company
Edifício Amorim I
Rua de Meladas, nº 380 4536-902 Mozelos VFR Portugal
A company incorporated in Santa Maria da Feira Registration and Corporate Tax ID No:
PT 500 077 797
Corticeira Amorim SGPS SA published this content on 11 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2017 15:58:04 UTC.
Original documenthttp://www.amorim.com/xms/files/Investidores/7_Comunicados/SodiliegeEN.pdf
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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. 
