Emmi is selling its 25% stake in Italian cheese specialist Ambrosi SpA. The transaction is part of the ongoing portfolio transformation and the strategic focus on clearly defined, profitable growth segments, as well as the associated strengthening of majority stakes.
Emmi, the Swiss manufacturer of premium dairy products, is divesting its 25% stake in Italian cheese specialist Ambrosi SpA. The stake, acquired in 2007, was aimed at achieving joint international growth in several selected countries in the specialty and premium cheeses segment. Both partners now have structures of their own outside their domestic market and are well positioned for future growth.
“Italian cheese classics such as Parmigiano Reggiano and Grana Padano have been the ideal addition to our high-quality traditional range of Swiss cheese specialities, but are no longer part of our core range,” explains Urs Riedener, CEO of the Emmi Group. “The sale also reflects our consistent strategic alignment to differentiated brand concepts and profitable focus platforms such as ready-to-drink coffee, specialty cheeses, desserts and plant-based milk alternatives.”
As part of the targeted portfolio transformation that has been under way for many years, combined with the strategic focus on profitable growth segments and the strengthening of majority stakes, Emmi is selling its stake in Ambrosi SpA.
In line with the company’s successful business development over recent years, there is also increased interest in Ambrosi from other market participants. Against this backdrop and having achieved the goals set, the majority shareholders of the Italian cheese specialist and Emmi have accepted the purchase offer from the Lactalis Group. Completion of the transaction is subject to approval by the responsible competition authorities. The parties have agreed not to disclose the purchase price.
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