08.02.21
Maia, Portugal
www.cin.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1926
REVENUE: $390 million
MARKETS SERVED
Architectural, Industrial and Protective coatings
KEY EXECUTIVES:
João Serrenho, chairman and CEO; Ângelo Machado, board member;
Fernando Jorge Ferreira, CFO.
CIN has been at the forefront of the sector in the Iberian Peninsula for two decades, with a turnover of USD $390 million in 2020. With approximately 1,400 employees and a presence in more than 20 countries, its business is focused on architectural, industrial, protective coatings and marine and yachting.
CIN has 11 manufacturing plants in Portugal, Spain, France, Italy, Angola and Mozambique, amounting to more than 270,000 square meters and an overall installed capacity of 175,000 tons, which is backed up by 15 distribution centers.
With four Research and Development (R&D) centers, in Portugal, Spain, France and Italy, CIN is unwaveringly committed to innovation – anticipating market needs, improving processes – thus ensuring the success of its products, which can now be found in more than 40 countries in Europe, the Americas, Asia and Africa.
In a major move, CIN acquired a majority stake in Boero Group, an Italian coatings company specializing in the architectural, yacht and naval coatings sector. CIN had acquired a small stake in the company a few years ago. The relationship between the two companies started a few years ago, when CIN acquired a small stock market stake in Boero. Boero had sales of €90 million in 2020.
“This alliance of two family companies with very clear expansion goals and ambitions opens interesting perspectives to the development of both,” said CIN CEO João Serrenho.
www.cin.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1926
REVENUE: $390 million
MARKETS SERVED
Architectural, Industrial and Protective coatings
KEY EXECUTIVES:
João Serrenho, chairman and CEO; Ângelo Machado, board member;
Fernando Jorge Ferreira, CFO.
CIN has been at the forefront of the sector in the Iberian Peninsula for two decades, with a turnover of USD $390 million in 2020. With approximately 1,400 employees and a presence in more than 20 countries, its business is focused on architectural, industrial, protective coatings and marine and yachting.
CIN has 11 manufacturing plants in Portugal, Spain, France, Italy, Angola and Mozambique, amounting to more than 270,000 square meters and an overall installed capacity of 175,000 tons, which is backed up by 15 distribution centers.
With four Research and Development (R&D) centers, in Portugal, Spain, France and Italy, CIN is unwaveringly committed to innovation – anticipating market needs, improving processes – thus ensuring the success of its products, which can now be found in more than 40 countries in Europe, the Americas, Asia and Africa.
In a major move, CIN acquired a majority stake in Boero Group, an Italian coatings company specializing in the architectural, yacht and naval coatings sector. CIN had acquired a small stake in the company a few years ago. The relationship between the two companies started a few years ago, when CIN acquired a small stock market stake in Boero. Boero had sales of €90 million in 2020.
“This alliance of two family companies with very clear expansion goals and ambitions opens interesting perspectives to the development of both,” said CIN CEO João Serrenho.