Emmi Changes Ownership Structure in Spain
Swiss dairy group Emmi is increasing its share capital in Kaiku Corporación Alimentaria in San Sebastián, Spain, by Eur10 million. At the same time, Basque investment company Ekarpen is taking a Eur6 million stake in Kaiku, thereby reducing Emmi’s stake by 2.6% to 73.5 %. Through this transaction, Emmi is confirming its commitment to a growth-oriented company with strong market positions in Spain, Chile and Tunisia.
Kaiku is the market leader in lactose-free dairy products and chilled coffee beverages in Spain. The group’s sales increased considerably in recent years and amounted to approximately SFr400 million (Eur375 million) in 2014. Kaiku has additional potential thanks to innovative product and marketing concepts.
The objective of Ekarpen is to support sound companies and business projects in the Basque country in their growth and internationalization. Ekarpen’s involvement reinforces Kaiku’s position in the Basque Country. This is a key element in strengthening the collaboration with the local milk producers and ensuring a high-quality raw milk base from the region. For that reason, Emmi welcomes Ekarpen’s involvement.
