FDBusiness.com

Emmi Expands in US Yogurt Sector

 Breaking News
  • Discovery, Plant-Based and Alternatives Lead the Top Ten Trends For 2019 Targeting increasingly adventurous consumers, set on new discoveries and experiences, will be key to developments in the food and beverage industry in 2019. The connected world has led consumers of all ages to become more knowledgeable of other cultures, contributing to 35 percent growth of “discovery” claims, when comparing 2017 and 2016 new product launch [...]...
  • Pearse Lyons Brewery to Open New Facility at Historic Irish Site Alltech Beverage Division Ireland (ABDI) has made an announcement about the planned opening of a new brewery at the historic site of the old MacArdle Moore Brewery in Dundalk. The new Pearse Lyons Brewery will incorporate the relocation of the Station Works Brewery in Newry, which was acquired by the late Dr. Pearse Lyons in [...]...
  • WRAP Comes Up With Winning Formula to Tackle Milk Waste A new report from the UK’s leading sustainability experts WRAP shows for the first time the scale of milk wastes across the food chain, from processing to our homes, and highlights ways we can significantly reduce the 330,000 tonnes of total milk lost each year, worth more than £150 million. Milk waste in the home is [...]...
  • Samworth Brothers Launches New Fitness-focused Ready Meal Range With Innovative Identity by Brandon Leading British food manufacturer Samworth Brothers is launching a ground-breaking range of ready meals to appeal to everyday athletes, with brand identity and packaging by design consultancy Brandon. Responding to an increasing consumer demand for healthier convenience options, the meals, which come in three variants – Cajun Chicken, Turmeric Chicken and Pad Thai Chicken – are [...]...
  • Premier Foods Shows Resilience Premier Foods has reported a 1.3% increase in group revenue to £358.0 million and a 6.2% rise in trading profit to £51.0 million for the 26 weeks ended 29 September 2018. The group’s largest brand, Mr Kipling, was key to this growth following an excellent consumer response to its relaunch in the UK with revenues [...]...

Emmi Expands in US Yogurt Sector

Emmi Expands in US Yogurt Sector
January 02
10:35 2014

Swiss dairy group Emmi has strengthened its standing in the US after acquiring a 25% stake in yogurt supplier Siggi for an undisclosed sum. The US is Emmi’s largest foreign market. The majority of sales there are generated by the exports of Swiss cheese as well as locally produced cow’s and goat’s milk specialty cheeses.

Cheese will continue to be Emmi‘s primary focus in the US. However, with the stake of around 25% in the yogurt operations of siggi’s as well as the collaboration in the manufacturing of yogurts, Emmi will be able to take part in the dynamic growth of the US yogurt market.

Based in New York, siggi’s is an up-and-coming yogurt supplier which expects to generate sales of around $17 million with its traditional Icelandic and Scandinavian-style yogurts in 2013.

The move is in line with Emmi’s strategy is to increase the share of sales attributable to its international business to 50% (currently around 43%).

Matthias Kunz, head of international business at Emmi, says: “This stake gives Emmi an interesting involvement in an innovative and fast-growing company. In addition, Emmi and siggi’s have a common understanding of what makes a good dairy product that is clearly distinct from the competition.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements