FDBusiness.com

Emmi Acquires a 70% Stake in Dutch Dairy Trader

 Breaking News
  • UK Restaurant Numbers Drop Again as Consumer Tastes Shift Britain’s restaurant numbers have fallen for the sixth quarter in a row, the new edition of the Market Growth Monitor from CGA and AlixPartners reveals. Independent operators have borne the brunt of the closures with group-owned restaurants proving more resilient despite some major brand failures. The quarterly survey of the country’s supply of licensed premises reports a 3.4% drop in [...]...
  • Molson Coors Commits to Reduce Plastics in Packaging Molson Coors in the UK and Ireland is removing the plastic packaging from its Carling and Coors Light brands, as part of new global packaging goals. The brewer will remove the plastic film wrap from large multipacks by the end of March 2020, replacing the plastic wrap with 100% recyclable fully enclosed carton board. By [...]...
  • Carlsberg Group Upgrades Full Year Operating Profit Outlook Carlsberg Group has delivered organic operating profit growth of 17.7% for the first half of 2019 with reported growth of 18.2% to DKr 5.17 billion (€693 million). Organic net revenue growth was 4.2% and on a reported basis net revenue rose by 6.5% to DKr32.99 (€4.42 billion). Operating margin improved by 160bp to 15.7%. Reported net [...]...
  • Diageo Forms New Rum Joint Venture Diageo and Corporación Cuba Ron, a leader in the production of premium Cuban rums, have created a joint venture – Ron Santiago. The joint venture will have exclusive global distribution rights to Santiago de Cuba, a premium Cuban heritage rum brand. Globally, premium and above rum segments are growing ahead of the category overall, with premiumisation [...]...
  • Stirring Times For US Yogurt – Innovation is Vital in a Changing Consumer Environment Over half of all U.S. consumers now buy yogurt as part of their typical grocery basket, according to a new report from Innova Market Insights, but their habits appear to be evolving. Convenience themes are becoming increasingly important, for example, with 17% of consumers naming this as a significant choice factor in 2018, which is [...]...

Emmi Acquires a 70% Stake in Dutch Dairy Trader

Emmi Acquires a 70% Stake in Dutch Dairy Trader
January 08
10:47 2013

Emmi has strengthened its position in the international goat’s and sheep’s milk product market by acquiring a 70% stake in AVH Dairy Trade, which is based in Bergen, the Netherlands. The acquisition, for an undisclosed price, will enable Emmi to reinforce its position in a flourishing niche market.

AVH Dairy Trade is a leading international trader of goat’s and sheep’s milk products, in particular cheese, milk power and protein concentrates. It markets its products mainly in the EU, the US and Asia. Its product range also includes organic cow’s milk products.

Urs Riedener, chief executive of Emmi, comments: “We are pleased about the expansion of Emmi’s goat’s and sheep’s cheese business, an area where we are already active in Switzerland and the US. It will be an ideal complement to our product range in attractive markets.”

AVH Dairy Trade generated sales of about Eur16.5 million (SFr20 million) in 2012. The company is now a subsidiary of Emmi Nederland and will continue to operate independently. The parties have agreed not to disclose the purchase price.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements