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What a corker!

Published:  23 July, 2008

Sabat acquires Diosos

Sabate, the second largest supplier in the world cork market, has joined forces with Diosos, the global leader in oak barrel-making for fine wines. The new partnership, Sabat Diosos (13 Sabat shares being exchanged for ten Diosos shares), will be operational by the end of the year and is expected to achieve a proforma turnover for the 12 months ending 30 September 2000 of about Euro 215 million, 60% achieved in external markets. This is an increase in turnover of 23% compared with the same period of the previous year.