Emmi Acquires a 70% Stake in Dutch Dairy Trader
Emmi has strengthened its position in the international goat’s and sheep’s milk product market by acquiring a 70% stake in AVH Dairy Trade, which is based in Bergen, the Netherlands. The acquisition, for an undisclosed price, will enable Emmi to reinforce its position in a flourishing niche market.
AVH Dairy Trade is a leading international trader of goat’s and sheep’s milk products, in particular cheese, milk power and protein concentrates. It markets its products mainly in the EU, the US and Asia. Its product range also includes organic cow’s milk products.
Urs Riedener, chief executive of Emmi, comments: “We are pleased about the expansion of Emmi’s goat’s and sheep’s cheese business, an area where we are already active in Switzerland and the US. It will be an ideal complement to our product range in attractive markets.”
AVH Dairy Trade generated sales of about Eur16.5 million (SFr20 million) in 2012. The company is now a subsidiary of Emmi Nederland and will continue to operate independently. The parties have agreed not to disclose the purchase price.
