FDBusiness.com

Emmi Sells Stake in Italian Cheese Specialist

 Breaking News
  • Vion Names New CEO Vion, the international meat group, has appointed Ronald Lotgerink as its new CEO with effect from 1 September. Ronald Lotgerink is currently the CEO of Zwanenberg Food Group, a leading European producer and exporter of meat products, canned meat, snacks, soups and sauces. Ronald Lotgerink started his career at KPMG. In 1989 he joined Zwanenberg Food [...]...
  • Harrogate Water Reports Record Sales Harrogate Water has announced another year of record sales with growth of 24 per cent – almost four times higher than market growth for bottled water. The company has seen increased sales in the high-volume supermarket sector, continued strong growth in export and travel markets and greater demand for premium glass products in both grocery [...]...
  • Alcohol Worth £16 Billion is UK’s Leading FMCG Category Innovation in the drinks sector and a reduction in the amount of trade promotions has seen Alcohol retain its place as the top selling FMCG category in the UK, worth £16.1 billion (€18.2 billion) in value sales to the economy. This is according to big data and technology expert for consumer industries, IRI’s Top Categories Special Report – an analysis [...]...
  • Irish Grocery Market Fends Off the Beast from the East The latest grocery market share figures from Kantar Worldpanel, published today for the 12 weeks ending 25 March 2018, show that the Irish grocery market brushed off the Beast from the East to post strong sales growth of 3.8%. Douglas Faughnan, consumer insight director at Kantar Worldpanel, comments: “Although shoppers had upped their spend in preparation for [...]...
  • TrayTrack – A Unique Inline Overhead Concept For Optimum Tray Logistics Once trays have been filled with product, poultry processors will often be faced with how to transport them to packaging equipment elsewhere in the plant. This job can be done manually using crates. Alternatively, product can be transported on a complex system of belt conveyors, usually criss-crossing other similar systems. TrayTrack, a unique automated solution [...]...

Emmi Sells Stake in Italian Cheese Specialist

Emmi Sells Stake in Italian Cheese Specialist
August 01
09:52 2017

Swiss dairy group Emmi is selling its 24 % stake in Italian fresh cheese specialist Venchiaredo, which generates sales of approximately €20 million. In doing so, Emmi is focusing its activities in Italy on the dessert business, cheese exports from Switzerland and its 25 % stake in cheese trader Ambrosi.

Emmi has been a minority stakeholder in cooperative Venchiaredo, which is based in Ramuscello, Italy, since January 2010. At the same time Emmi Italy took over sales of Venchiaredo products. In 2012, Emmi increased its stake from 10 % to 24 %.

The aim of this holding was to participate in Italy’s growing fresh cheese market and generate synergies associated with fresh products from Trentinalatte. Due to the sale of Italian company Trentinalatte in autumn 2014, Emmi has now decided to also dispose of its stake in Venchiaredo and to give up the sale of Venchiaredo products. Granarolo, based in Bologna (Italy), will take over the sale of Venchiaredo products. Emmi’s strategy continues to invest in markets and segments with considerable growth potential.

Venchiaredo produces mozzarella, stracchino, mascarpone, ricotta and butter, and generates around two-thirds of its sales in Italy. The transaction has no significant impact on Emm’s EBIT or net profit.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 19, 2018Expo Drink & Wine
  • April 19, 2018GastroPan Exhibition
  • April 22, 2018Natural & Organic Products 
  • April 24, 2018Seafood Processing Global
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements