Emmi sells Ambrosi stake to Lactalis
Image: Ambrosi
Emmi, the Swiss dairy giant, is selling its 25% stake in the Italian cheese specialist Ambrosi. The stake acquired in 2007 served the joint international growth in several defined countries in the area of speciality and premium cheese. Both partners now have their own structures outside of their home market 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 cheese specialities, but are no longer part of our core range. 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, speciality cheeses, desserts and plant-based milk alternatives,” explains Urs Riedener, CEO of the Emmi Group.
Along with the successful business development in recent years, the interest of other market participants in Ambrosi has also increased. Against this background and after achieving the set goals, both 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.