FDBusiness.com

Emmi Increases Stake in Chilean Company

 Breaking News
  • Nestlé Inaugurates New Nescafé Dolce Gusto Production in Vietnam Nestlé has inaugurated a new Nescafé Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The site will process an expected 2,500 tons of coffee per year (equivalent to 130 million capsules), using high quality coffee beans from Vietnam. This volume is expected to increase in the coming years. The investment reflects Nestlé’s clear focus on high-growth, [...]...
  • Pink Lemonade Yogurt? Arla Brings Indulgence to New Markets Arla Foods is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range being launched in Denmark and the UK. Meaning ‘wonderful’ in Finnish, Ihana was launched through an extensive brand launch in 2016 in Finland with an iconic new design. Indulgence is one of the few areas in growth within [...]...
  • Process Components Announces Kemutec Expansion into Netherlands Process Components has announced the expansion of subsidiary company Kemutec in Europe, with the long-established manufacturing brand opening a new office in the Netherlands. The move forms a key part of its global strategy to extend its global territories, significantly grow its revenues and create new jobs. Kemutec has more than three decades’ worth of heritage in [...]...
  • Packaging Automation Supports the Reduction in Plastic Packaging Waste With the launch of the UK Plastics Pact to address the impact plastic waste is having on the environment, retailers and manufacturers are more conscious of single use and non-recyclable plastics and want to cater for the green consumer. The industry is turning to various kinds of eco-friendly packaging with the aim of reducing plastic [...]...
  • Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in [...]...

Emmi Increases Stake in Chilean Company

Emmi Increases Stake in Chilean Company
May 23
10:06 2016

Swiss dairy group Emmi is growing at international level, both organically and through targeted acquisitions. In a further step towards the international growth objective, Emmi’s subsidiary in Chile, Kaiku Corporación Alimentaria, is increasing its stake in Group Surlat from 60% to the target level of 85% to 95%. The headquartered in Santiago, Surlat is well positioned in the dairy industry, holding the number two position in lactose-free products and is the leading producer of UHT milk in Chile.

Emmi’s strategy is to increase the share of sales in the international business from its current level of 44% to around 50% in the medium term. This growth is to be achieved organically and through acquisitions, with growth markets outside of Europe becoming increasingly important.

Urs Riedener, chief executive of Emmi, says: “Increasing its stake in Surlat enables Emmi to strengthen its base in South America. Chile is a market with good growth potential in the dairy industry.”

Chile has been affected by a challenging economic environment during the past two years, which has inhibited Surlat’s growth. However, in recent months, the country has shown signs of recovery. Emmi firmly believes that Surlat will return to growth and that the Chilean market has good potential. The Emmi Operational Excellence programme will make an important contribution to sustainable development.

Kaiku’s significant majority holding ensures a clear ownership structure and will simplify the management of the company. The positive collaboration with Chilean milk producers will be continued, ensuring the long-term availability of milk. 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 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements