Emmi acquires majority stake in supplier of organic goat’s and sheep’s milk products
Date 04.02.2019 | Category: News
Emmi entered the goat’s milk products business in 2010 through its acquisition of Californian company Cypress Grove and Swiss brand Le Petit Chevrier. Positive experience in this segment has prompted the company to gradually strengthen its position in this attractive niche.
Emmi’s goat’s milk network now includes two goat’s milk processors in the US (Cypress Grove, Redwood Hill), three in Europe (Bettinehoeve (NL), Goat Milk Powder (NL), Lácteos Caprinos (ES)) and AVH Dairy, a global trading company also based in the Netherlands. These are all small to medium-sized companies with attractive positions in selected segments. The 66 % stake in Leeb Biomilch GmbH, based in Wartberg, Austria, now means it has an even denser network.
Said Urs Riedener, CEO of the Emmi Group: “Leeb Biomilch GmbH is not only a good fit for Emmi based on its goat’s milk products, but also on its clear commitment to quality, innovation and sustainability.” The transaction is expected to close in summer 2019, subject to approval by the Austrian Federal Competition Authority. The parties have agreed not to disclose the purchase price. For more visit emmi.com
Source: EmmiAuthor: COX