Emmi sells stake in Ambrosi in Italy

27-Jul-2022 - Switzerland

Emmi is selling its 25 percent stake in Italian cheese specialist Ambrosi SpA. The transaction is part of the company's ongoing portfolio transformation and strategic focus on clearly defined, profitable growth segments, as well as the associated strengthening of majority holdings.

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Emmi, the Swiss manufacturer of premium dairy products, is divesting its 25 percent stake in Italian cheese specialist Ambrosi SpA. The stake, acquired in 2007, was used for joint international growth in several defined countries in the field of speciality and premium cheeses. Both partners now have their own structures outside their home markets and are well positioned for further growth.

"Italian cheese classics such as Parmigiano Reggiano or Grana Padano have ideally complemented our high-quality traditional range of Swiss specialty cheeses, but are no longer part of our core range," explains Urs Riedener, CEO of the Emmi Group. "The sale is also an expression of our consistent strategic focus on differentiated brand concepts and profitable focus platforms such as ready-to-drink coffee, specialty cheeses, desserts and plant-based milk alternatives."

Emmi is divesting its stake in Ambrosi SpA as part of the portfolio transformation it has been continuously pursuing for years, the strategic focus on profitable growth segments and the strengthening of majority holdings.

In line with the successful business development in recent years, the interest of other market participants in Ambrosi has also increased. Against this backdrop and after achieving the set targets, both the majority shareholders of the Italian cheese specialist and Emmi accept the purchase offer from the Lactalis Group. Completion of the transaction is subject to approval by the relevant competition authorities. The parties have agreed not to disclose the purchase price.

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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