Emmi AG

{{Infobox company

| name = Emmi AG

| native_name =

| native_name_lang =

| romanized_name =

| logo = Emmi_Group_Logo.svg

| image =

| image_caption =

| type = Public company

| traded_as = {{SWX|EMMN}}

| ISIN = {{ISIN|sl=n|pl=y|CH0012829898}}

| founded = 1907

| founder =

| hq_location_city = Lucerne

| hq_location_country = Switzerland

| area_served = Worldwide

| key_people = {{unbulleted list

| Konrad Graber (Chairman)

| Urs Riedener (Group Chief Executive Officer)

}}

| industry = Food

| products = Dairy and vegan dairy alternatives

| production = 11 countries (Austria, Brazil, Chile, France, Germany, Italy, Netherlands, Spain, Switzerland, Tunisia, USA)

| services = Exports from Switzerland to around 60 countries

| revenue = CHF 3,706 million (2020)

| profit = CHF 188.4 million (adjusted CHF 220.3 million) (2024)

| assets =

| equity =

| owner = 53.2 % of shares held by ZMP Invest AG (cooperative of milk farmers)

| num_employees = 12200+ (01 März 2025)

| divisions = Switzerland, Europe, Americas (incl. North Africa), Global Trade (exports from Switzerland)

}}

Emmi AG is a Swiss milk processor and dairy products company headquartered in Lucerne.{{cite magazine |title=Emmi AG company profile and key developments |url=http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=9010996 |archive-url=https://archive.today/20130118183402/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=9010996 |url-status=dead |archive-date=January 18, 2013 |magazine= Business Week }} The company employs a total of 12,000+ people in Europe (including Switzerland), North America (USA and Mexico), South America (Brazil and Chile) and North Africa (Tunisia). Emmi AG is listed on the SWX Swiss Exchange. The company generates about 42.5 percent of its sales locally and the other 57.5 percent abroad. Numerous production companies in Switzerland belong to the Emmi Group. Outside of Switzerland, Emmi has production facilities, in Chile, Germany, Italy, the Netherlands, Austria, Spain, Tunisia, Brazil, Canada and the USA. Emmi is one of the 500 largest companies in Switzerland.

History

In 1907, 62 cooperatives founded the Central Switzerland Milk Association in Lucerne (MVL). In 1947 they produced soft cheese and yoghurt for the first time in Emmen under the brand name Emmi, which was derived from the name of the town. In 1993, the MVL founded Emmi AG in order to separate commercial activities from association activities. Since December 2004, Emmi has been listed on the SIX Swiss Exchange in the Swiss equities segment.{{Cite news |date=2004-12-07 |title=Gelungener erster Handelstag von Emmi |language=de-CH |work=Neue Zürcher Zeitung |url=https://www.nzz.ch/articleA1KEF-ld.326941 |access-date=2023-06-21 |issn=0376-6829}}

In 2003, the four processed cheese manufacturers Gerberkäse AG, Chalet Käse AG, Tigerkäse AG and Zingg AG merged to form Emmi Fondue AG,{{Cite web |title=Gerberkäse AG Signatur 146 |url=https://www.sources-histoirerurale.ch/findmittel/146.pdf |access-date=2023-06-21}} which is a member of the Association of the Swiss Processed Cheese Industry(SESK).{{Cite web |date=2020-11-19 |title=Fertigfondue verliert die "Swissness" |url=https://www.foodaktuell.ch/2020/11/19/fertigfondue-verliert-die-swissness/ |access-date=2023-06-21 |website=foodaktuell |language=de-DE}}

In March 2004, Caffè Latte was added to the Emmi product range. The mixed drink made from milk and coffee is Emmi's most successful branded product. Since March 2018, Coop also offers a version in Bio Suisse quality.{{Cite web |title=Neu: Original Aromat und Emmi Caffè Latte in Bio-Qualität |url=https://www.coop.ch/de/unternehmen/medien/medienmitteilungen/2018/neu-original-aromat-und-emmi-caffe-latte-in-bio-qualitaet.html |access-date=2023-06-21 |website=www.coop.ch |language=de-ch}} In April 2019, it was announced that the name Caffè Latte would be replaced by Emmi Republic of Blends for some markets, as the previous name was also used by the competition. With a market share of 17.2%, Emmi is the market leader in Western Europe for cold coffees.{{Cite web |last=Weinmann |first=Benjamin |date=2019-04-18 |title=Neuer Name für "Caffè Latte": Emmi tauft seinen Verkaufsschlager um |url=https://www.luzernerzeitung.ch/wirtschaft/probleme-beim-verkaufsschlager-ld.1112055 |access-date=2023-06-21 |website=Luzerner Zeitung |language=de}}

File:Emmi caffe latte slov.png]]

In 2010, Emmi entered the business of goat milk by taking over the Le Petit Chevrier brand in Switzerland. Since then, a number of other acquisitions have been made, including Meyenberg Goat Milk and in the sheep milk sector. In 2019, the Austrian company Leeb, which through the Hale company also sells organic vegan milk substitutes under the MyLove-MyLife brand, was taken over.{{Cite web |title=Emmi übernimmt Mehrheit an einem von Europas führenden Anbietern von Bio-Ziegenmilch- und -Schafmilchprodukten |url=https://www.finanzen.ch/nachrichten/aktien/emmi-uebernimmt-mehrheit-an-einem-von-europas-fuehrenden-anbietern-von-bio-ziegenmilch-und-schafmilchprodukten-1028076755 |access-date=2023-06-22}} In 2020, the vegan milk substitutes brand Beleaf was launched.{{Cite web |date=2020-03-11 |title=Emmi baut veganes Sortiment aus |url=https://www.schweizerbauer.ch/markt-preise/marktmeldungen/emmi-baut-veganes-sortiment-aus/ |access-date=2023-06-22 |website=Schweizer Bauer |language=de-DE}} Emmi has been using Swiss oats for its Beleaf oat milk since 2021.{{Cite web |last=Bolzli |first=Michael |title=Profitieren Schweizer Bauern vom Hafermilch-Trend? |url=https://www.nau.ch/news/wirtschaft/profitieren-schweizer-bauern-vom-hafermilch-trend-65910795 |access-date=2023-06-22 |website=Nau |date=25 April 2021 |language=de}} While this means the Beleaf oat milks are of IP-Suisse quality, the Coop owned-brand Karma oat milk has been produced from Swiss organic oats since 2023 and is of Bio Suisse quality.{{Cite web |title=Jede siebte "Milch" ist vegan – jetzt auch aus Schweizer Bio-Hafer |url=https://www.bauernzeitung.ch/artikel/markt-preise/jede-siebte-milch-ist-vegan-jetzt-auch-aus-schweizer-bio-hafer-471720 |access-date=2023-06-22 |website=bauernzeitung.ch |language=de-CH}} Yoghurt brand Onken was sold from Dr Oetker to Emmi.{{Cite web |last=Wright2010-11-11T11:27:49.987+00:00 |first=Charlie |title=Onken sold to Swiss group Emmi |url=https://www.thegrocer.co.uk/news/onken-sold-to-swiss-group-emmi/213884.article |access-date=2025-03-16 |website=The Grocer |language=en}}

In March 2022, following the Russian invasion of Ukraine, Emmi said it had ceased doing business with Russia. In October 2022, Denner added Emmi's Knospe organic milk to its range.{{cite web|access-date=2022-10-22|author=Jil Schuller|date=2022-10-19|title=Bei Denner gibt es neu Bio-Milch mit Knospe – dank Emmi|url=https://www.bauernzeitung.ch/artikel/markt-preise/bei-denner-gibt-es-neu-bio-milch-mit-knospe-dank-emmi-445281|website=bauernzeitung.ch}} In 2023, Emmi took over the marketing of Sprinz AOP.{{cite web|access-date=2023-01-10|date=2022-11-08|title=Sbrinz: Emmi übernimmt Vermarktung|url=https://www.schweizerbauer.ch/markt-preise/marktmeldungen/sbrinz-emmi-uebernimmt-vermarktung/|website=schweizerbauer.ch}}

Presidents and CEOs

From 1993 to 2003, Franz Jung, President of MVL, was President of the Board of Directors. From 2004 to 2009 Fritz Wyss held this position. At the Annual General Meeting on May 20, 2009, Konrad Graber was elected the new Chairman of the Board of Directors of Emmi AG. In 2023 the former CEO Urs Riedener was elected as President of the Board of Directors.{{Cite web |title=Emmi: Ex-CEO Urs Riedener zum Präsidenten des Verwaltungsrats gewählt |url=https://www.kleinreport.ch/news/emmi-ex-ceo-urs-riedener-zum-prasidenten-des-verwaltungsrats-gewahlt-101638/ |access-date=2023-06-22}}

Ricarda Demarmels has been CEO since January 2023.{{Cite web |date=2023-03-01 |title=Neue CEO bei Emmi – Emmi-Chefin will auch in Milchalternativen investieren |url=https://www.tagesanzeiger.ch/emmi-chefin-will-auch-in-milchalternativen-investieren-941480874507 |access-date=2023-06-22 |website=Tages-Anzeiger |language=de}} She succeeded Urs Riedener, who had headed the company since March 2008.{{Cite web |date=2019-03-04 |title=Emmi-Chef erhält 1,488 Millionen |url=https://www.schweizerbauer.ch/politik-wirtschaft/agrarwirtschaft/emmi-chef-erhaelt-1488-millionen/ |access-date=2023-06-22 |website=Schweizer Bauer |language=de-DE}} He was preceded by Walter Huber (2004–2008) and Fritz Wyss (1998–2004).{{Cite web |title=Emmi AG, AfA2252 |url=https://www.histoirerurale.ch/pers/personnes/Emmi_AG,_AfA2252.html |access-date=2023-06-22 |website=www.histoirerurale.ch}}

Facts and Figures

With the collapse of Swiss Dairy Food (SDF) in mid-2002, Emmi became the leading food group in the Swiss dairy industry, followed by Cremo, Hochdorf, Estavayer Lait and Züger Frischkäse.{{Cite web |last=Genossenschaft |first=Schweizer Milchproduzenten SMP |title=Milchverarbeiter |url=https://www.swissmilk.ch/de/produzenten/milchmarkt/marktakteure-strukturen/milchverarbeiter/ |access-date=2023-06-22 |website=Swissmilk |language=de}} As of February 2023, Emmi had subsidiaries in 13 countries. In 2020, the company employed almost 8,700 people, more than two-thirds of them abroad.{{Cite web |title=Emmi mit breit abgestütztem Wachstum {{!}} Emmi Gruppe |url=https://group.emmi.com/che/de/medien-investoren/medienmitteilungen/sales-2020 |access-date=2023-06-22 |website=emmi |language=de}} In 2022, net sales by product group were:

30.3% cheese
27.7% dairy products
26.3% fresh produce
5.8% cream cheese
4.4% powder/concentrates
1.5% plant-based products
4% other products/services

In 2008, the foreign share of sales, with exports from Switzerland and products manufactured by foreign subsidiaries, was 23 percent and increased to 57 percent by 2021. In contrast, sales in Switzerland have fallen by around a fifth since 2008. Since the IPO in 2004, the share price has increased from 100 to over 1,000 francs.{{Cite web |last= |first= |date=2021-09-11 |title=Riedener machte Emmi international |url=https://www.schweizerbauer.ch/politik-wirtschaft/agrarwirtschaft/riedener-machte-emmi-international/ |access-date=2023-06-22 |website=Schweizer Bauer |language=de-DE}}

Company acquisitions and sales

class="wikitable"

!Date

!Company

!Revenue

(At the time

of acquisition)

!Number of employees

2022

|Emmi sells, subject to the approval of the responsible competition authorities, their 25% stake in Ambrosi S.p.A. (ITA) to Lactalis (F).{{Cite web |title=Emmi löst sich von Parmigiano Reggiano und Grana Padano |url=https://www.bauernzeitung.ch/artikel/markt-preise/emmi-loest-sich-von-parmigiano-reggiano-und-grana-padano-432505 |access-date=2023-07-05 |website=bauernzeitung.ch |language=de-CH}}{{Cite web |date=2022-07-25 |title=Emmi verkauft Anteil an Käsespezialisten |url=https://www.schweizerbauer.ch/markt-preise/marktmeldungen/emmi-verkauft-anteil-an-kaesespezialisten/ |access-date=2023-07-05 |website=Schweizer Bauer |language=de-DE}}

December 2020

|Emmi sells its 80% stake in Spanish Lácteos Caprinos S.A. to Lácteas García Baquero S.A.{{Cite web |title=Emmi verkauft Ziegenkäsemanufaktur in Spanien {{!}} Emmi Gruppe |url=https://group.emmi.com/che/de/medien-investoren/medienmitteilungen/emmi-verkauft-ziegenkaesemanufaktur-in-spanien |access-date=2023-07-05 |website=emmi |language=de}}

|approx. 10 million EUR

|approx. 50

October 2020

|Emmi takes over 87.7% of the shares in the US American Indulge Desserts Intermediate Holdings, LLC.{{Cite web |title=Emmi strengthens dessert business with acquisition in the USA {{!}} Emmi Group |url=https://group.emmi.com/che/en/media-investors/media-releases/emmi-strengthens-dessert-business |access-date=2023-07-05 |website=emmi |language=en}} Since the closing, this has been trading under Emmi Dessert USA

|approx. 80-90 million USD

|approx. 350

August 2020

|Increase in stake in Bettinehoeve (NED) from 60% to 90%. The increase in stake in Bettinehoeve also affects Emmi's stake in Goat Milk Powder (GMP), the joint venture between Bettinehoeve and AVH dairy, another Dutch subsidiary of Emmi. Emmi now holds 80.9% of the shares in GMP.{{Cite web |date=2020-08-27 |title=Bettinehoeve: Emmi hält nun 90% |url=https://www.schweizerbauer.ch/markt-preise/marktmeldungen/bettinehoeve-emmi-haelt-nun-90/ |access-date=2023-07-05 |website=Schweizer Bauer |language=de-DE}}

|approx. 115

July 2020

|Acquisition of Chäs Hütte Zollikon GmbH.{{Cite web |title=Höhere Dividende für Aktionäre: Emmi steigert Gewinn |url=https://www.handelszeitung.ch/newsticker/hohere-dividende-fur-aktionare-emmi-steigert-gewinn-363133 |access-date=2023-07-05 |website=Handelszeitung |language=de-CH}}

October 2019

|Acquisition of the Italian Pasticceria Quadrifoglio.{{Cite web |title=Emmi übernimmt die italienische Pasticceria Quadrifoglio SRL {{!}} Emmi Gruppe |url=https://group.emmi.com/che/de/medien-investoren/medienmitteilungen/emmi-uebernimmt-die-italienische-pasticceria-quadrifoglio-srl |access-date=2023-07-05 |website=emmi |language=de}}

|approx. 19 million EUR

|approx. 90

October 2019

|Increase in stake in Brazilian Laticínios Porto Alegre Indústria e Comércio S.A. from 40% to 70%.{{Cite web |title=Emmi erhöht Beteiligung an der brasilianischen Laticínios Porto Alegre Indústria e Comércio S.A. {{!}} Emmi Gruppe |url=https://group.emmi.com/che/de/medien-investoren/medienmitteilungen/emmi-erhoeht-beteiligung-an-der-brasilianischen-latinios-porto-alegre-industria-e-comercio-sa |access-date=2023-07-05 |website=emmi |language=de}}

|approx. 630 million BRL (160 million CHF)

|approx. 1250

October 2019

|Acquisition of a 66% stake in Leeb Biomilch GmbH based in Wartberg an der Krems (AUT).

|approx. 15 million EUR

|approx. 50

April 2019

|Sale of Emmi Frisch-Service AG (CH).{{Cite web |date=2019-02-01 |title=Emmi verkauft an Coop-Tochter |url=https://www.schweizerbauer.ch/markt-preise/marktmeldungen/emmi-verkauft-an-coop-tochter/ |access-date=2023-07-05 |website=Schweizer Bauer |language=de-DE}}

|approx. 110 million CHF

|approx. 160

January 2019

|Purchase of additional production facility in Seymour, Wisconsin (USA).{{Cite web |last= |date=2019-01-04 |title=Emmi acquires blue cheese plant from Great Lakes Cheese Company |url=https://www.dairyreporter.com/Article/2019/01/04/Emmi-acquires-blue-cheese-plant-from-Great-Lakes-Cheese-Company |access-date=2023-07-05 |website=dairyreporter.com |language=en-GB}}

|approx. 50

July 2018

|Increase in the stake in Emmi Ambrosi France (FRA) from 51% to 85%.{{Cite web |title=Annual Report 2018 - Emmi Annual Report 2018 |url=https://report.emmi.com/2018/en/03-10-30-uebersicht-ueber-konzerngesellschaften-assoziierte-gesellschaften-und-gemeinschaftsorganisationen-2/ |access-date=2023-07-05 |website=Emmi Annual Report 2018 - Business Report |language=en-US}}

|approx. 80 million CHF

July 2018

|Increase in stake in AVH Dairy Trade B.V. (NED) from 75% to 90%.{{Cite web |last= |date=2018-07-03 |title=Emmi increases stake in Dutch company AVH |url=https://www.dairyreporter.com/Article/2018/07/03/Emmi-increases-stake-in-Dutch-company-AVH |access-date=2023-07-05 |website=dairyreporter.com |language=en-GB}}

|approx. 35 million EUR

January 2018

|Increase in stake in Centrale Laitière de Mahdia (TUN) to 54.7%.{{Cite news |date=2018-01-10 |title=BRIEF-Emmi Increases Stake In Centrale Laitiere De Mahdia |language=en |work=Reuters |url=https://www.reuters.com/article/brief-emmi-increases-stake-in-centrale-l-idUSFWN1P4180 |access-date=2023-07-05}}

|approx. 140 million CHF

|approx. 785

January 2018

|Sale of 22% stake to The Icelandic Milk and Skyr Corporation (USA).{{Cite web |last=Kyzer |first=Larissa |date=2019-01-11 |title=Icelandic Milk and Skyr Corporation Sold for (At Least) ISK 40 Billion |url=https://www.icelandreview.com/news/icelandic-milk-and-skyr-corporation-sold-for-at-least-isk-40-billion/ |access-date=2023-07-05 |website=Iceland Review |language=en-US}}

|approx. 50

January 2017

|Acquisition of Italian Fresh Foods S.p.A. (ITA).{{Cite web |last=dairyreporter.com |date=2017-01-18 |title=Emmi continues acquisitions with Italian Fresh Foods capture |url=https://www.dairyreporter.com/Article/2017/01/18/Emmi-continues-acquisitions-with-Italian-Fresh-Foods-capture |access-date=2023-07-05 |website=dairyreporter.com |language=en-GB}}

|approx. 20 million EUR

|approx. 70

January 2017

|Acquisition of Jackson-Mitchell, Inc. (USA).{{Cite web |last= |date=2017-01-05 |title=Emmi acquires US goat's milk group Jackson-Mitchell |url=https://www.just-food.com/news/emmi-acquires-us-goats-milk-group-jackson-mitchell/ |access-date=2023-07-05 |website=Just Food |language=en-US}}

|approx. 20 million USD

|approx. 30

December 2016

|80% stake in Lácteos Caprinos S.A. (ESP).{{Cite web |title=Emmi offloads goat's cheese producer Lácteos Caprinos |url=https://www.foodbev.com/news/emmi-offloads-goats-cheese-producer-lacteos-caprinos/ |website=2023-07-05|date=22 December 2020 }}

|approx. 13 million EUR

|approx. 30

July 2016

|Complete takeover of Mittelland Molkerei, Suhr (CH) (previously 60%).{{Cite web |last=admin |date=2016-07-18 |title=Emmi takes full control of Mittelland Molkerei |url=https://www.just-food.com/news/emmi-takes-full-control-of-mittelland-molkerei/ |access-date=2023-07-05 |website=Just Food |language=en-US}}

|approx. 500 million CHF

|approx. 350

May 2016

|Increase in stake in Surlat S.A. group (CL) from 60% to 72%.{{Cite web |date=2016-05-20 |title=LUZERN: Emmi erhöht Anteil an chilenischer Surlat-Gruppe |url=https://www.luzernerzeitung.ch/wirtschaft/luzern-emmi-erhoeht-anteil-an-chilenischer-surlat-gruppe-ld.116300 |access-date=2023-07-05 |website=Luzerner Zeitung |language=de}}

|approx. 90 million CHF

February 2016

|60% stake in Bettinehoeve (NED).{{Cite web |title=Emmi increases stake in Bettinehoeve {{!}} Emmi Group |url=https://group.emmi.com/che/en/media-investors/media-releases/emmi-increases-stake-in-bettinehoeve |access-date=2023-07-05 |website=emmi |language=en}}

|approx. 40 million EUR

|approx. 115

February 2016

|Increased stake in Goat Milk Powder (NED) from 50% to 60%.{{Cite web |date=2023-04-04 |title=Emmi Opens New Facility For Producing Goat's Milk Powder |url=https://www.esmmagazine.com/fresh-produce/emmi-opens-new-facility-for-producing-goats-milk-powder-236996 |access-date=2023-07-05 |website=ESM Magazine |language=en}}

January 2016

|Complete takeover of Gläserne Molkerei (DEU) (previously 76%).{{Cite web |last= |first= |date=2016-01-22 |title=Emmi übernimmt Gläserne Molkerei zu 100 Prozent |url=https://www.agrarheute.com/land-leben/emmi-uebernimmt-glaeserne-molkerei-100-prozent-519207 |access-date=2023-07-05 |website=agrarheute |language=de}}

|approx. 100 million EUR

|approx. 100

2016

|Acquisition of Cowgirl Creamery Corporation (USA).{{Cite web |date=2021-01-15 |title=Founders of Cowgirl Creamery retire |url=https://www.sonomanews.com/article/north-bay/4-years-after-acquisition-by-emmi-founders-of-sonoma-countys-cowgirl-crea/ |access-date=2023-07-05 |website=Sonoma Index-Tribune |language=en-US}}

|approx. 20 million USD

|approx. 95

December 2015

|Acquisition of Redwood Farm & Creamery (USA).{{Cite news |date=2015-12-01 |title=BRIEF-Emmi acquires Redwood Hill Farm & Creamery |language=en |work=Reuters |url=https://www.reuters.com/article/idINFWN13P07Y20151201 |access-date=2023-07-12}}

|approx. 22 million USD

|approx. 70 employees

January 2015

|Acquisition of cheese business J.L. Freeman (CAD).{{Cite news |date=2015-01-12 |title=BRIEF-Emmi acquires cheese business of J.L. Freeman in Canada |language=en |work=Reuters |url=https://www.reuters.com/article/emmi-brief-idUKFWN0UO03A20150112 |access-date=2023-07-12}}

|approx. 35 million CHF

|approx. 20 employees

December 2014

|Full takeover of Emmi Fondue AG (CH) (previously 65%).{{Cite web |title=Emmi Acquires 34 % Stake of Bongrain in Emmi Fondue AG |url=https://fif.cnsmedia.com/a/9y1GDikAngg= |access-date=2023-07-12 |website=.foodingredientsfirst.com/ |language=en}}

December 2014

|Sale of Emmi Penn Yan (USA).{{Cite web |title=Golden State Foods Acquires Emmi Penn Yan Factory {{!}} 2014-12-23 {{!}} Prepared Foods |url=https://www.preparedfoods.com/articles/114813-golden-state-foods-acquires-emmi-penn-yan-factory |access-date=2023-07-12 |website=www.preparedfoods.com |language=en}}

|approx. 30 million USD

October 2014

|Sale of Trentinalatte (ITA).{{Cite web |last=Best |first=Dean |date=2014-10-06 |title=Emmi sells struggling Italian yoghurt arm Trentinalatte |url=https://www.just-food.com/news/emmi-sells-struggling-italian-yoghurt-arm-trentinalatte/ |access-date=2023-07-12 |website=Just Food |language=en-US}}

August 2014

|Increase in the stake in the Gläserne Molkerei (DE) from 24% to 76%.{{Cite web |title=Emmi Sales Growth on Track, Increases Stake in Gläserne Molkerei |url=https://fif.cnsmedia.com/a/wwb3GNdWjps= |access-date=2023-07-12 |website=.foodingredientsfirst.com/ |language=en}}

January 2014

|50% stake in Mexideli 2000 Holding SA de CV (MEX).{{Cite news |last=Revill |first=John |date=2014-01-03 |title=Switzerland's Emmi Buys 50% Stake in Mexico's Mexideli |language=en-US |work=Wall Street Journal |url=http://online.wsj.com/article/SB10001424052702303640604579297821439825520.html |access-date=2023-07-12 |issn=0099-9660}}

|approx. USD 50 million USD

|approx. 250 employees

December 2013

|25% stake in The Icelandic Milk and Skyr Corporation (USA).{{Cite web |title=Emmi invests in siggis {{!}} Food Business News {{!}} December 27, 2013 08:02 |url=https://www.foodbusinessnews.net/articles/1429-emmi-invests-in-siggi-s |access-date=2023-07-12 |website=www.foodbusinessnews.net |language=en}}

|approx. 17 million EUR

July 2013

|Acquisition of Rachelli (ITA).{{Cite web |title=Emmi goes for dessert with Rachelli |url=https://www.dairyindustries.com/news/14492/emmi-goes-for-dessert-with-rachelli/ |access-date=2023-07-12 |website=Dairy Industries International |language=en}}

|approx. 25 million EUR

|approx. 85 employees

April 2013

|Acquisition of Käserei Studer AG (CH).{{Cite web |title=Emmi to acquire cheese firm Käserei Studer |url=https://www.foodprocessing-technology.com/uncategorised/newsemmi-to-acquire-cheese-firm-kaserei-studer/ |access-date=2023-07-12 |website=www.foodprocessing-technology.com}}

|approx. 20 million CHF

|approx. 24 employees

March 2013

|Resale of the 60% interest in Nutrifrais SA (CH) to LRG Groupe SA.{{Cite web |title=Emmi sells 60% stake in Nutrifrais |date=28 March 2013 |url=https://www.foodbev.com/news/emmi-sells-60-stake-in-nutrifrais/ |access-date=2023-07-12}}

January 2013

|70% stake in AVH Dairy Trade (NED).{{Cite web |title=Emmi goes for goat with AVH Dairy Trade buy |url=https://www.dairyindustries.com/news/13698/emmi-goes-for-goat-with-avh-dairy-trade-buy/ |access-date=2023-07-12 |website=Dairy Industries International |language=en}}

|approx. 16.5 million EUR

October 2012

|24% stake in Gläserne Molkerei (DE).{{Cite web |last= |date=2012-10-17 |title=GERMANY: Emmi takes Gläserne Molkerei stake |url=https://www.just-food.com/news/germany-emmi-takes-glaserne-molkerei-stake/ |access-date=2023-07-12 |website=Just Food |language=en-US}}

August 2012

|Increase of stake in Venchiaredo S.p.A. (ITA) from 10% to 26%.{{Cite web |title=Emmi to sell Italian fresh cheese specialist Venchiaredo S.p.A. {{!}} 2017-08-01 {{!}} Refrigerated Frozen Food {{!}} Refrigerated & Frozen Foods |url=https://www.refrigeratedfrozenfood.com/articles/93330-emmi-to-sell-italian-fresh-cheese-specialist-venchiaredo-spa |access-date=2023-07-12 |website=www.refrigeratedfrozenfood.com |language=en}}

|approx. 85 employees

July 2012

|Increase of stake in Diprola S.A.S. (FRA) to 63% (previously 25%, with Ambrosi Emmi France).{{Cite web |title=Emmi Increases Stakes in Kaiku and Diprola |url=https://fif.cnsmedia.com/a/4401AquNSGI= |access-date=2023-07-12 |website=.foodingredientsfirst.com/ |language=en}}

|approx. 80 million EUR

|approx. 140 employees

July 2012

|Increase in the stake in Kaiku Corporación Alimentaria (ESP) from 42.6% to 66%.

|approx. 320 million EUR

|approx. 100 employees

July 2011

|Acquisition of Rutz Käse AG (CH).{{Cite web |last=Enz |first=Kaspar |date=2011-07-06 |title=Emmi schluckt Rutz Käse |url=https://www.tagblatt.ch/ostschweiz/stgallen-gossau-rorschach/emmi-schluckt-rutz-kaese-ld.740743 |access-date=2023-07-12 |website=St. Galler Tagblatt |language=de}}

|approx. 40 million CHF

|approx. 40 employees

June 2011

|Acquisition A-27 S.p.A. (ITA).{{Cite web |last= |date=2017-01-18 |title=Emmi to buy dessert maker Italian Fresh Foods |url=https://www.just-food.com/news/emmi-to-buy-dessert-maker-italian-fresh-foods/ |access-date=2023-07-12 |website=Just Food |language=en-US}}

|approx. 65 million EUR

|approx. 230 employees

May 2011

|Complete takeover of the Molkerei Biedermann (CH) (previously a minority interest).

|approx. 110 employees

September 2010

|Purchase of the property, building and production facilities of the former Regio Milch beider Basel AG (CH) (together with the Milchverband der Nordwestschweiz).{{Cite web |last=Tschopp |first=Simon |date=2018-07-05 |title=Frenkendorf - Nicht alles nur Käse: Regio Molkerei beider Basel hat den Turnaround geschafft |url=https://www.bzbasel.ch/basel/baselland/nicht-alles-nur-kase-regio-molkerei-beider-basel-hat-den-turnaround-geschafft-ld.1515827 |access-date=2023-07-12 |website=bz Basel |language=de}}

August 2010

|Acquisition of Cypress Grove Chevre (USA).{{Cite web |last= |date=2010-08-20 |title=US: Emmi eyes US growth with Cypress Grove Chèvre buy |url=https://www.just-food.com/news/us-emmi-eyes-us-growth-with-cypress-grove-chevre-buy/ |access-date=2023-07-12 |website=Just Food |language=en-US}}

|approx. 10 million USD

|approx. 45 employees

August 2010

|Full takeover of CASP LLC (later Emmi Penn Yan) (USA).

|approx. 6 million USD

|approx. 20 employees

July 2010

|Acquisition Fromalp (CH).{{Cite web |last= |date=2010-04-13 |title=Emmi to buy Fromalp in international cheese push |url=https://www.dairyreporter.com/Article/2010/04/14/Emmi-to-buy-Fromalp-in-international-cheese-push |access-date=2023-07-12 |website=dairyreporter.com |language=en-GB}}

|approx. 100 million CHF

|approx. 150 employees

January 2010

|25% stake in Diprola (FRA).

January 2010

|10% stake in Venchiaredi S.p.A (ITA).

April 2009

|60% stake in Nutrifrais SA (CH) from LRG Groupe SA.{{Cite web |last= |title=Emmi acquires majority share of Nutrifrais |url=https://www.foodnavigator.com/Article/2009/04/08/Emmi-acquires-majority-share-of-Nutrifrais |access-date=2023-07-20 |website=foodnavigator.com |date=7 April 2009 |language=en-GB}}

|approx. 2 million CHF

January 2009

|Acquisition of Roth Käse USA Ltd (USA).{{Cite web |title=Emmi acquires Roth Käse USA {{!}} Dairy Foods |url=https://www.dairyfoods.com/articles/84435-emmi-acquires-roth-kase-usa |access-date=2023-07-20 |website=www.dairyfoods.com |language=en}}

|approx. 90 million USD

|approx. 125 employees

January 2009

|Increase in stake in Kaiku Corporación Alimentaria (ESP) to 42.6%.

June 2008

|Sale of the stake in Baer AG (CH) to Lactalis (F).{{Cite news |date=2008-06-03 |title=Baer wird von Lactalis übernommen – Emmi verkauft 35%-Anteil an Franzosen |language=de-CH |work=Neue Zürcher Zeitung |url=https://www.nzz.ch/artikel-ld.489127 |access-date=2023-07-20 |issn=0376-6829}}

January 2008

|Acquisition of Walter Schmitt AG (CH).{{Cite web |title=Emmi International Performance Below Expectations |url=https://fif.cnsmedia.com/a/5KvDUF7s%20KQ= |access-date=2023-07-20 |website=.foodingredientsfirst.com/ |language=en}}

January 2008

|Acquisition of Haerten & Interimex SA (BE).

2007

|25% stake in Ambrosi S.p.A (ITA).

July 2006

|Acquisition of Trentinalatte S.p.A. (ITA).{{Cite web |last= |date=2006-06-29 |title=Emmi buys up Italian yoghurt group |url=https://www.dairyreporter.com/Article/2006/06/30/Emmi-buys-up-Italian-yoghurt-group |access-date=2023-07-20 |website=dairyreporter.com |language=en-GB}}

January 2006

|Minority stake in Kaiku Corporación Alimentaria (ESP).{{Cite web |title=Emmi subsidiary increases stake in Tunisian dairy company |url=https://www.ingredientsnetwork.com/emmi-subsidiary-increases-stake-in-tunisian-dairy-news049868.html |access-date=2023-07-20 |website=www.ingredientsnetwork.com}}

January 2004

|Acquisition of Craamer (NED).{{Cite web |title=Emmi on target in the first half year thanks to innovations |url=https://www.presseportal.ch/de/pm/100000004/100479365 |access-date=2023-07-20 |website=presseportal.ch|date=14 September 2004 }}

January 2003

|Takeover of former Swiss Dairy Food operations in Ostermundigen (CH).{{Cite web |last= |title=Emmi takes over Ostermundigen |url=https://www.dairyreporter.com/Article/2003/01/10/Emmi-takes-over-Ostermundigen |access-date=2023-07-20 |website=dairyreporter.com |date=10 January 2003 |language=en-GB}}

January 2003

|Acquisition of Tiger Käse AG (CH).{{Cite web |last= |title=Emmi tames the Tiger |url=https://www.foodnavigator.com/Article/2003/01/20/Emmi-tames-the-Tiger |access-date=2023-07-20 |website=foodnavigator.com |date=20 January 2003 |language=en-GB}}

2002/2003

|Takeover Gerberkäse AG (CH).

June 2002

|Takeover of Chäs Renz Schilling AG (CH).{{Cite web |title=Emmi übernimmt Chäs Renz. |work=Neue Zürcher Zeitung |date=5 July 2002 |url=https://www.nzz.ch/article89HCM-ld.1200369 |access-date=2023-07-20}}

2001

|Takeover of Zingg AG (CH).{{Cite web |last= |first= |title=Emmi legt Gerberkäse, Tiger Käse und Zingg zusammen |url=https://www.news.ch/Emmi+legt+Gerberkaese+Tiger+Kaese+und+Zingg+zusammen/133471/detail.htm,%20https://m.news.ch/Emmi+legt+Gerberkaese+Tiger+Kaese+und+Zingg+zusammen/133471/detail.htm |access-date=2023-07-20 |website=www.news.ch |language=de}}

January 2001

|Takeover of Burra AG (CH).{{Cite web |date=2001-01-04 |title=Emmi kauft Burra |url=https://www.swissinfo.ch/ger/emmi-kauft-burra/1824326 |access-date=2023-07-20 |website=SWI swissinfo.ch |language=de}}

2000

|35% participation in Baer AG (CH).{{Cite web |title=Stephan Baer: Der Käser als Krisenmanager |url=https://www.handelszeitung.ch/unternehmen/stephan-baer-der-kaeser-als-krisenmanager |access-date=2023-07-20 |website=Handelszeitung |language=de-CH}}

Distribution of shares

Holding shares in Emmi AG (as of the end of 2022, nominal capital):{{Cite web |title=Anhang der Jahresrechnung - Geschäftsbericht 2022 |url=https://report.emmi.com/2022/de/anhang-der-jahresrechnung-angaben-zu-bilanz/ |access-date=2023-07-26 |website=Emmi - Annual Report 2022 |language=de-DE}}

ZMP Invest AG 53,2%
Zentralschweizer Käsermeister Genossenschaft 4,0%
MIBA Genossenschaft 3,3%
Other 39,5%

Miscellaneous

In 2012, Emmi received more than 43 million francs from the federal treasury solely for the Verkäsungszulage (Cheesemaking bonus).{{Cite web |date=2013-09-14 |title=Verkäsungszulage - 33 Käser erhalten mehr als 1 Mio. Fr. |url=https://www.schweizerbauer.ch/politik-wirtschaft/agrarpolitik/verkaesungszulage-33-kaeser-erhalten-mehr-als-1-mio-fr/ |access-date=2023-07-26 |website=www.schweizerbauer.ch |language=de}}
Emmi is heavily involved in the processing trade. For example, in 2020 Emmi imported more than 100 tonnes of butter in order to then process it and export it again as cheese spread.{{Cite web |title=Veredelungsverkehr: Emmi macht aus Importbutter Schmelzkäse für den Export |url=https://www.bauernzeitung.ch/artikel/markt-preise/veredelungsverkehr-emmi-macht-aus-importbutter-schmelzkaese-fuer-den-export-355141 |access-date=2023-07-26 |website=bauernzeitung.ch |language=de-CH}}
The use of the Nutri-Score for Emmi Caffe Latte products led to criticism, as these were awarded a green B despite their high sugar content. The BLV is searching for a solution.{{Cite web |date=2021-07-15 |title=Lebensmittel-Ampel - "Grüne" Bewertung trotz viel Zucker |url=https://www.srf.ch/news/panorama/lebensmittel-ampel-gruene-bewertung-trotz-viel-zucker |access-date=2023-07-26 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}

References

External links

{{Commons category-inline}}
{{Official website|group.emmi.com/en/}} {{in lang|en}}

Category:Companies based in Lucerne

Category:Dairy products companies of Switzerland

Category:Yogurt companies

Category:Companies listed on the SIX Swiss Exchange

Category:Swiss brands

Emmi AG

History

Presidents and CEOs

Facts and Figures

Company acquisitions and sales

Distribution of shares

Miscellaneous

See also

References

External links