Corticeira Amorim buys 50% of Saci for €49 million
The Turin-based company belongs to the Saci Group, whose main activity is producing and selling muselets.
Corticeira Amorim has acquired a 50% stake in the Italian company Saci for €48.66 million, according to a statement sent to the Portuguese Securities Market Commission (CMVM). The Turin-based company belongs to the Saci Group, whose main activity is producing and selling muselets.
The company belongs to the Saci Group, which was controlled in equal shares by the Getto and Perlich families, and it’s based in Italy and Germany, respectively, said the statement. Following the Perlich family’s decision to sell its stake, the Group’s shareholders “sought a shareholder who could share their vision of the business and who was, therefore, able to understand the sector by collaborating in the growth and success of the Group.”
This is where Corticeira Amorim comes in, appearing as a “natural partner for its 150 years of activity and success serving the world wine industry with a range of advanced and high-quality solutions”. Corticeira adds that this operation “aims to combine their successful entrepreneurial realities with the aim of creating a strong union of intentions”.
With this deal, Corticeira Amorim “has acquired a significant stake in a group with a strong product portfolio, an outstanding customer base, a high level of prestige and international market”. In 2020, the Saci Group recorded a consolidated turnover of €70 million and an EBITDA of €10.5 million.