CIN (Corporação Industrial do Norte S.A.) is a Portuguese company that is the Iberian market leader for paint and coating products. The company was established in 1926 and is headquartered in Maia, Norte Region. During the year the Portuguese coatings group acquired Industrias de la Pintura, S.L (Palmcolor), based in Gran Canaria. The purchase was conducted through CIN's Spanish holding company, Amida Inversiones. Established in 1952, the company has seen an increase in both its range of products and its market share in recent years. It is currently market leader in the Canaries, with distribution centers on most of the islands. CIN currently owns two operations in Tenerife, and this acquisition will take the total number of employees in the Canaries to 130. In 2010 CIN generated approximately $300 million in sales, of which more than 50 percent came from outside of Portugal (France, Spain, Italy, China, Angola and Cape Verde).