FDBusiness.com

Laiteries Réunies Genève Buys Back Majority Shareholding in Nutrifrais

 Breaking News
  • UK Supermarkets Sweep Up 17 Months of Growth UK supermarket sales have increased in value by 3.1% compared with last year according to the latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 8 October 2017. This marks the 17th period of growth in a row for Britain’s grocers. Like-for-like grocery inflation remains at 3.2% but consumers could be [...]...
  • Hilton Food Group to Expand to New Zealand Hilton Food Group, the UK-based specialist international meat packing business, is to proceed with plans to expand its packing capability to New Zealand. Hilton will construct a new meat processing facility in Auckland and supply Progressive Enterprises, New Zealand’s leading retailer, trading as Countdown Supermarkets. As Progressive Enterprises is also part of the Woolworths business, [...]...
  • From Measurement Data to Smart Actions Energy and process industry monitoring and control systems contain a lot of data, which is not always fully utilised. Data is also collected in different systems, which further hampers comprehensive overall management. The efficient use of measurement data is increasingly becoming a crucial factor in gaining a competitive advantage. Elomatic’s FORMIOT data analysis service offers support [...]...
  • Rocla’s Automation Solution Maximizes Storage Capacity and Saves Money Operations at Valio’s new whey powder factory started gradually in Autumn 2014. The main goal was to build a fully automated warehouse. Valio also needed to maximize the storage capacity in this space, and to be able to adjust the temperature and air humidity. At the warehouse there are 3 Rocla’s automated guided vehicles (AGVs) [...]...
  • Packaging Automation Helps Chicory Crops to Grow As a growing business Packaging Automation know how important it is to keep cash within the business and how hard it is to acquire the machines and equipment you need to grow. Packaging Automation want to help businesses to grow, adapt and keep up with what can be frighteningly fast paced growth without tying up [...]...

Laiteries Réunies Genève Buys Back Majority Shareholding in Nutrifrais

Laiteries Réunies Genève Buys Back Majority Shareholding in Nutrifrais
March 25
15:38 2013

Swiss food group Laiteries Réunies Genève is buying back the package of shares in Nutrifrais that it sold to Emmi in 2009, after the synergies anticipated at the time have failed to materialise to a sufficient degree. Laiteries Réunies Genève will continue to operate the plant in Plan-les-Ouates, Geneva, which specialises in the manufacture of yogurt and desserts, on the current scale.

In July 2009, Emmi, the Swiss dairy group, purchased a 60% stake in Nutrifrais from Geneva-based Laiteries Réunies Genève. Emmi’s objective was to use production synergies and the transfer of know-how to strengthen operations at Plan-les-Ouates and reduce costs. In addition, Nutrifrais was to develop into a regional dairy for fresh products, and export projects were planned for the additional utilisation of production capacities.

Over the past four years Emmi has implemented various measures aimed at increasing Nutrifrais’ production volumes and thereby improving the plant’s profitability. As a result of the difficult situation on the currency front in particular, however, the measures put in place have failed to produce the desired level of export success. The potential for regional pasteurised milk in the Geneva area had similarly been somewhat overestimated. Despite the expertise and distribution structure brought by Emmi as well as the well-known brands Tam-Tam and Yoplait, benefits have been insufficient for both parties. It was therefore decided that, in future, Nutrifrais will once again be operated solely by Laiteries Réunies Genève.

With effect on 1 April 2013, Laiteries Réunies Genève will reacquire from Emmi the 60% share package in Nutrifrais, which manufactures and distributes TamTam and Yoplait products for Switzerland. In addition, Emmi and Nutrifrais will continue to work together closely in the future. The parties involved have agreed not to disclose the price paid for the shares.

Laiteries Réunies Genève had a turnover of SFr278 million in 2012 and is structured as a co-operative which holds shares in several companies active in four segments: dairy products (Nutrifrais, Val d’Arve), trade (W. Ottiger, Vivadis, Chäs Max), processed meat products (Del Maître, Maître Brönnimann Sàrl) and logistics (LRG Logistics).

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 19, 2017PMA Fresh Summit 2017
  • October 21, 2017Food & Nutrition Conference & Expo 2017
  • October 22, 2017Serbotel
  • October 22, 2017Natexpo
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements