Switzerland: Emmi acquires remaining shares in Glaserne Molkerei
Swiss dairy products manufacturer Emmi has announced that it has acquired the entirety of German organic milk processor Glaserne Molkerei for an undisclosed sum.
Emmi initially entered into a partnership with Glaserne Molkerei in 2012, when it acquired 24% of the German company's shares, a holding which increased to 76% in 2014.
Founded in 2001, Glaserne Molkerei is an organic milk processor based in northeast Germany, offering a range of milk, cheese and other dairy products. It processes approximately 120 million litres of milk and generates sales of just under €100 million ($110 million).
In relation to the deal, Emmi CEO Urs Riedener said: “Natural, sustainably manufactured products are a major trend in the dairy business, which Emmi wants to take even better account of in the future. In Gläserne Molkerei we have a very strong niche company that offers lots of potential for the future”.