FDBusiness.com

Emmi Sells Stake in Italian Cheese Specialist

 Breaking News
  • Royal Unibrew Completes Acquisition of French Lemonade Business Royal Unibrew, the Denmark-based beverages group, has completed the acquisition of Etablissements Geyer Fréres for an enterprise value of DKr660 million (€88.5 million) financed by bank debt. The acquisition of Etablissements Geyer Fréres will give Royal Unibrew increased access to the French soft drinks market and will further strengthen its export portfolio. Employing about 100 [...]...
  • Private Label Outperforms FMCG Brands in Europe Private label continues to grow across Europe and is now outperforming brands in the majority of markets measured by big data and technology expert for consumer FMCG industries, IRI in its analysis of private label performance across eight major Western economies markets (UK, France, Germany, Greece, Italy, Spain, Netherlands and the US) during 2017. Growing +4% year on [...]...
  • Meat & Poultry – Future-proof For Success The meat market remains fast-moving and competitive. As part of this processors and retailers are always looking for a point of differentiation. As well as new product development, this can mean new pack formats. Convenience remains a major driver here but this has to be matched by the ability to maintain product quality and freshness [...]...
  • Ready Meals – Not Ready For the Future New research (1) published by Eating Better, a powerful alliance of more than 50 organisations, shows that supermarkets need to shake up their ready meal ranges. They are not catering for the growing number of flexitarian customers who are cutting back on their meat eating for their health and the health of the planet (2). [...]...
  • Top 100 Largest Spirits Brands Revealed The world’s most popular alcoholic drink in 2017 was the South Korean soju brand Jinro, owned by Hite-Jinro, according to the IWSR Real 100, the definitive ranking of the world’s largest spirits brands by volume. Selling almost 76m nine-litre cases, Jinro retains its number one position from last year, and once again by a staggering [...]...

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

  • 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