Emmi to increase its stake in Emmi Ambrosi France from 51 % to 85 %

Emmi has held a stake in Emmi Ambrosi France since January 2008. Emmi is now increasing its stake from 51 % to 85 %.

LUCERNE, 13-Aug-2018 — /EuropaWire/ — Emmi Ambrosi France specialises in freshly packaged cheese (frais-emballé). It is also responsible for the administrative and logistical handling of A-27’s dessert products in France. The company generates sales of around CHF 80 million.

Emmi has decided to increase its stake in Emmi Ambrosi France from 51 % to 85 %. The remaining 15 % is held by the Italian Ambrosi Group. The parties have agreed not to disclose the details of the transaction.

Contact

Emmi Corporate Communications & IR, +41 (0)58 227 50 66/69, media@emmi.com / iremmi.com

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About Emmi

Emmi is the leading Swiss milk processor and one of the most innovative premium dairies in Europe. In Switzerland, the company focuses on the development, production and marketing of a full range of dairy and fresh products as well as the production, ageing and trade of mainly Swiss cheeses. Outside Switzerland, Emmi concentrates on brand concepts and specialities in established European and North American markets, and increasingly in emerging markets outside of Europe. The primary focus in fresh products is on lifestyle, convenience and health products. In the cheese business, Emmi positions itself as the leading company worldwide for Swiss cheese. Emmi’s customers are the retail trade, the hospitality and food service sector, and the food industry.

In Switzerland, the Emmi Group includes around 25 production sites of every size. Abroad, Emmi and its subsidiaries have a presence in 14 countries, seven of which have production facilities. Emmi exports products from Switzerland to around 60 countries.

In 2017, Emmi posted net sales of CHF 3,364 million and a net profit of CHF 162 million. The company employs some 6,150 staff (full-time equivalents), of which around 2,950 in Switzerland.

SOURCE: Emmi Group

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