Assets from the insolvent cork company Lusobel Cortiças Lda (2248/21.5T8OAZ) are currently up for Electronic Auction. Bidding is open until April 24, 2024, at 6:00 p.m., at Leilosoc.com.
The insolvent's liabilities consist of a complete Industrial Unit in the cork sector. Therefore, the valuation of the cork company, in total, corresponds to an Estimate Value of € 411,170.00.
In summary, the commercial establishment for sale includes real estate, machinery and equipment, furniture and office equipment, and vehicles.
The properties are located in Mozelos, Santa Maria da Feira, and are distributed as follows:
Industrial Warehouse (2 Floors) with Patio and a total area of 648.00 sqm.;
Building intended for the cork industry with a total area of 1,387.20 sqm.;
Land with a total area of 3,500.00 sqm..
Complete Industrial Unit · Mozelos, Santa Maria da Feira
Interior of the Cork Industrial Unit
Moreover, the properties benefit from exemption from Municipal Tax on Onerous Property Transfers (IMT) and Stamp Duty. This tax benefit is granted under Article 270, paragraphs 1 and 2, of the Insolvency and Corporate Recovery Code (CIRE).
About the Insolvent
Founded in 1989, Lusobel Cortiças Lda began its production focusing on the finishing of cork stoppers. However, five years later, it developed one of several technological innovation processes in its trajectory, the BEMA Process. In other words, this process consisted of a new method of sealing and coating cork stoppers with water-based material.
Subsequently, in 2003, the cork company improved its activity with two types of finishes. Firstly, with the finishing of natural cork stoppers and natural cork stoppers sealed for still wines. Then, with the finishing of agglomerated stoppers. As well as agglomerated stoppers with natural cork disks for still wines, sparkling wines, beer and cider.
About the Cork Sector
The cork sector achieved record exports in 2023, reaching 1.232 billion euros. This represents indeed an increase of about 2% compared to 2022. At the presente time, cork stoppers are the hallmark of the sector, surpassing 900 million euros in exports.
Investment Advantage
For that reason, the sale of the complete Industrial Unit constitutes an investment advantage. Undoubtedly, acquiring all assets allows the investor to continue the activity of the cork company.
You can check the catalog with all assets here.
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Article by Cloe Mattos by LEILOSOC® dated April 20th 2024
