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Emmi Strengthens Dessert Business With US Acquisition

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Emmi Strengthens Dessert Business With US Acquisition

Emmi Strengthens Dessert Business With US Acquisition
September 28
09:42 2020
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Emmi, the Swiss dairy group, is further strengthening its position in desserts by acquiring the complementary US desserts maker Indulge Desserts Intermediate Holdings, LLC. Based in the New York metropolitan area, the company makes a wide range of high-quality desserts and generates annual sales between US$80 million and US$90 million. This acquisition will enable Emmi to participate even more strongly in the growing dessert segment as well as extending its footprint to the United States and opening up new distribution opportunities for its Italian desserts.

The transaction is subject to customary merger control approval. The parties have agreed not to disclose the purchase price.

The desserts business is of strategic importance to Emmi. Emmi entered this business in 2012 with its acquisition in Italy of A-27. Since then, three companies (Rachelli: 2013, Italian Fresh Foods: 2017, Pasticceria Quadrifoglio: 2019) have been added and together as Emmi Dessert Italia they have become a significant provider of desserts in Europe. The acquisition of 87.7 %  in the US company Indulge Desserts Intermediate Holdings, LLC (Indulge Desserts) extends Emmi’s presence to the country with the world’s largest desserts market.

Urs Riedener, CEO of the Emmi Group, says: “With Indulge Desserts we are not only acquiring a highly innovative and agile Center of excellence for desserts with a strong market position in the USA, we are also opening up new sales opportunities for our premium desserts from Italy.”

 


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