Emmi Acquires Italian Dessert Manufacturer
Swiss dairy group Emmi has agreed to buy Italian Fresh Foods, based in Lasnigo, Como in Italy, for an undisclosed sum. Italian Fresh Foods is an international company which manufactures and markets high-quality Italian desserts. The acquisition will allow Emmi to strengthen its position in the dessert segment and reinforce its expertise in an attractive niche market.
The dessert segment is a key area of Emmi’s product portfolio. Since the acquisition of Italian dessert specialists A-27 (2012) and Rachelli (2013), Emmi has enjoyed a solid position in Italian speciality desserts. The purchase of Italian Fresh Foods (IFF) is intended to further boost expertise at Emmi and reinforce its position in this growing niche market. IFF also provides access to the Netherlands, USA and Canadian markets, where Emmi has so far had little presence in desserts.
Urs Riedener, chief executive of Emmi, says: “Italian Fresh Foods is an agile, innovative manufacturer of high-quality Italian desserts. The product portfolio suits Emmi extremely well and strengthens a segment that is strategically important for the company.”
IFF is a family-run company which generates sales of almost Eur20 million, 85 % of which comes from outside Italy. Its key markets are the Netherlands and the UK.
