Portuguese presence in the Nordics

H. M. Borges (Madeira)

Madeira Wine (Funchal)

Funchal Madeira-wine house founded in 1877 by Henrique Menezes Borges (H. M. Borges, Sucessores Lda, NIF 511002840, 9050-401 Funchal), run today by the family’s fourth generation, with the associated export brands Araújo, Henriques & C.ª (1923), J.H. Gonçalves & C.ª (1926) and Adega Exportadora de Vinhos da Madeira (1935). It produces Vintry’s Madeira Fine, a medium-dry Madeira in Systembolaget’s fixed assortment in 75 cl (art. 788201, SEK 179) and 37.5 cl (art. 788202, SEK 119), listed since 1983 according to the monopoly’s product data and imported by Anora Sweden AB; the two sizes sold 36,109 litres in 2025, level with 2024.

OriginPortugal (Madeira)
Legal entityH. M. Borges, Sucessores Lda — NIF 511002840
HQFunchal, 9050-401, Madeira
Founded1877, by Henrique Menezes Borges; fourth family generation
Associated brandsAraújo, Henriques & C.ª (1923); J.H. Gonçalves & C.ª (1926); Adega Exportadora de Vinhos da Madeira (1935)
Nordic customerSystembolaget (SE) — Vintry’s Madeira Fine, arts. 788201 (75 cl, SEK 179) and 788202 (37.5 cl, SEK 119), fixed assortment; 36,109 L sold in 2025
Swedish importerAnora Sweden AB
Target marketsSweden

Corridor footprint

Funchal Madeira-wine house founded in 1877 by Henrique Menezes Borges (H. M. Borges, Sucessores Lda, NIF 511002840, 9050-401 Funchal), run today by the family’s fourth generation, with the associated export brands Araújo, Henriques & C.ª (1923), J.H. Gonçalves & C.ª (1926) and Adega Exportadora de Vinhos da Madeira (1935). It produces Vintry’s Madeira Fine, a medium-dry Madeira in Systembolaget’s fixed assortment in 75 cl (art. 788201, SEK 179) and 37.5 cl (art. 788202, SEK 119), listed since 1983 according to the monopoly’s product data and imported by Anora Sweden AB; the two sizes sold 36,109 litres in 2025, level with 2024.

Why this matters

H. M. Borges (Madeira) sits inside the Portugal ↔ Scandinavia business corridor that NorthSouth HQ tracks every day. As Portuguese presence in the Nordics, its operations are a data point in the broader story of how capital, goods, people and ideas flow between Portugal and the Nordics — a corridor that is accelerating in 2026.

Know this company? If you work at H. M. Borges (Madeira) or have verified information about its corridor activity, email miguel@fractio.se and we’ll update this page.

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