Emmi AG
| Emmi AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CH0012829898 |
| founding | 1907/1993 |
| Seat |
Lucerne , Switzerland
|
| management |
|
| Number of employees | 6,151 |
| sales | 3.457 billion CHF |
| Branch | food |
| Website | https://group.emmi.com/de/ |
| As of December 31, 2018 | |
The holding company Emmi AG , headquartered in Lucerne is the largest milk processing factory in Switzerland. The company currently generates around 50 percent of its sales in Switzerland and 50 percent abroad (with exports from Switzerland and with products manufactured by foreign subsidiaries). The Emmi Group has numerous production facilities in Switzerland. Outside Switzerland, Emmi has production facilities in Chile, Germany, Italy, the Netherlands, Austria, Spain, Tunisia and the USA.
history
In 1907 62 cooperatives founded the Central Switzerland Milk Association Lucerne (MVL) . In 1947 he produced soft cheese and yoghurt for the first time in Emmen under the brand name Emmi, derived from Emmen . In 1993, the MVL founded Emmi AG in order to separate the commercial activities from the association activities. Since December 2004, Emmi is on the Swiss Exchange SIX Swiss Exchange segment Swiss stocks listed .
From 1993 to 2003 Franz Jung , President of the MVL, was Chairman of the Board of Directors . From 2004 to 2009 Fritz Wyss held this office. At the Annual General Meeting on May 20, 2009, Konrad Graber was elected as the new Chairman of the Board of Directors of Emmi AG. Urs Riedener has been CEO since March 2008. The company employs almost 6,000 people worldwide.
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 has also been offering a version in Bio Suisse quality. In April 2019 it was announced that the name Caffè Latte will be replaced by Emmi Republic of Blends for some markets , as the previous name is also used by the competition. With a 17.2% market share, Emmi is the market leader in Western Europe for cold coffees .
In 2010 Emmi took over the Le Petit Chevrier brand in Switzerland and entered the goat milk business. Since then, a number of other acquisitions have been made, including in the sheep milk sector . In 2019, the Austrian company Leeb was taken over, which also sells organic - vegan milk substitute products under the MyLove-MyLife brand through the Hale company . The Beleaf brand for vegan milk substitute products was launched in 2020 .
Company acquisitions and sales
| Points in time | Companies | sales
(at the time of acquisition) |
Employee |
|---|---|---|---|
| April 2019 | 66% stake in Leeb Biomilch GmbH based in Wartberg an der Krems (AUT) | approx. EUR 15 million | approx. 50 |
| February 2019 | Sales Emmi Frisch-Service AG (CH) | approx. CHF 110 million | about 160 |
| January 2018 | Purchase of additional production facility in Seymour, Wisconsin (USA) | approx. 50 | |
| August 2018 | Increase of the stake in Emmi Ambrosi France (FRA) from 51% to 85% | approx. CHF 80 million | |
| July 2018 | Increase of the stake in AVH Dairy Trade BV (NED) from 75% to 90% | approx. EUR 35 million | |
| January 2018 | Increase in stake in Centrale Laitière de Mahdia (TUN) to 40.2% | approx. CHF 140 million | approx. 785 |
| January 2018 | Sale of 22% stake in The Icelandic Milk and Skyr Corporation (USA) | approx. 50 | |
| January 2017a | Acquisition of Italian Fresh Foods SpA (ITA) | approx. EUR 20 million | approx. 70 |
| January 2017a | Jackson-Mitchell, Inc. (USA) | approx USD 20 million | approx. 30 |
| December 2016e | Lácteos Caprinos (ESP) | approx. EUR 13 million | approx. 30 |
| July 2016 | Complete takeover of Mittelland Molkerei, Suhr (CH) (previously 60%) | approx. CHF 500 million | approx. 350 |
| May 2016 | Increase of the participation in the group Surlat SA (CL) from 60% to 72% | approx. CHF 90 million | |
| 2016a | Acquisition of Cowgirl Creamery Corporation (USA) | approx USD 20 million | about 95 |
| February 2016 | 60% stake in Bettinehoeve (NED) | approx. EUR 40 million | about 115 |
| February 2016 | Increase in stake in Goat Milk Powder (NED) from 50% to 60% | k. A. | k. A. |
| January 2016 | Complete takeover of the Gläserne Molkerei (DEU) (previously 76%) n | approx. EUR 100 million | about 100 |
| December 2015 | Acquisition of Redwood Farm & Creamery (USA) | approx USD 22 million | approx. 70 |
| January 2015 | Acquisition of cheese business JL Freeman (CAD) | approx. CHF 35 million | approx. 20 |
| December 2014 | Complete takeover of Emmi Fondue AG (CH) (previously 65%) | k. A. | |
| December 2014 | Sales Emmi Penn Yan (USA) | approx USD 30 million | A .. |
| October 2016 | Sales Trentinalatte (ITA) | k. A. | k. A. |
| August 2014 | Increase in stake in Gläserne Molkerei (DE) from 24% to 76% | see above | see above |
| January 2014 | 50% stake in Mexideli 2000 Holding SA de CV (MEX) | approx USD 50 million | about 250 |
| December 2013 | 24% stake in The Icelandic Milk and Skyr Corporation (USA) | approx USD 17 million | k. A. |
| July 2013 | Acquisition of Rachelli (ITA) | approx. EUR 25 million | approx. 85 |
| April 2013 | Acquisition of the Studer AG cheese dairy (CH) | approx. CHF 20 million | approx. 24 |
| March 2013 | Sale of the 60% stake in Nutrifrais SA (CH) | see below | see below |
| January 2013 | 70% stake in AVH Dairy Trade (NED) | EUR 16.5 million a | k. A. |
| October 2012 | 25% stake in the Gläserne Molkerei (DE) | see above | see above |
| August 2012 | Increase in stake in Venchiaredo SpA (ITA) from 10% to 26% | approx. 85 | |
| July 2012 | Increase of the stake in Diprola SAS (FRA) to 63% (previously 25%, together with Ambrosi Emmi France) | EUR 80 million a | about 140 |
| July 2012 | Increase of the stake in Kaiku Corporación Alimentaria (ESP) from 42.6% to 66% | EUR 320 million a | about 100 |
| July 2011 | Acquisition of Rutz Käse AG (CH) | CHF 40 million a | about 40 |
| June 2011 | Acquisition of A-27 SpA (ITA) | EUR 65 million a | approx. 230 |
| May 2011 | Complete takeover of the Biedermann (CH) dairy (previously minority stake) | before down i | about 110 |
| Sept 2010 | Purchase of the property, the building and the production facilities of the former Regio Milch both Basel AG (CH) (together with the milk association of Northwestern Switzerland) | ||
| August 2010 | Acquisition of Cypress Grove Chevre (USA) | USD 10 million a | approx 45 |
| August 2010 | Complete takeover of CASP LLC (later Emmi Penn Yan) (USA) | USD 6 million a | approx. 20 |
| July 2010 | Acquisition Fromalp (CH) | CHF 100 million a | about 150 |
| January 2010 | 25% stake in Diprola (FRA) | k. A. | |
| January 2010 | 10% stake in Venchiaredo SpA (ITA) | k. A. | |
| April 2009 | 60% stake in Nutrifrais SA (CH) | approx. CHF 2
Million |
. 30a |
| January 2009 | Acquisition of Roth Käse USA Ltd (USA) | USD 90 million a | about 125 |
| January 2009 | Increase in participation in Kaiku Corporación Alimentaria (ESP) to 42.6% | ||
| January 2008 | Acquisition of Walter Schmitt AG (CH) | ||
| January 2008 | Acquisition of Haerten & Interimex SA (BE) | ||
| June 2007 | 25% stake in Ambrosi SpA (ITA) | ||
| July 2006 | Acquisition of Trentinalatte SpA (ITA) | ||
| January 2006 | Minority stake in Kaiku Corporación Alimentaria (ESP) | ||
| January 2004 | Acquisition Craamer (NED) | ||
| January 2003 | Takeover of the former Swiss Dairy Food company Ostermundigen (CH) | ||
| January 2003 | Acquisition of Tiger Cheese AG (CH) | ||
| June 2002 | Takeover of Käse Renz AG (CH) | ||
| Late 2001 | Takeover of the Zingg companies (CH) | ||
| January 2001 | Takeover of Burra AG (CH) |
In 2014, Emmi expanded its activities in the Latin American market by taking over 50% of the Mexican cheese importer Mexideli. The loss-making Italian yoghurt manufacturer Trentinalatte (sales most recently CHF 43 million) was sold to the industrial holding Livia owned by financial investor Peter Löw . In 2016, Mittelland Molkerei AG (MIMO) in Suhr was completely taken over with annual sales of around CHF 500 million, founded in 2005 as a merger of the Emmi subsidiary Butterzentrale Luzern and AZM Aargauer Zentralmolkerei (formerly part of the Aargauer Milchverband), with Emmi from the beginning A 60% stake in MIMO was held by AZM Verwaltungs AG (a subsidiary of the Milk Producers Mittelland cooperative) 40%. For the sale of all shares, the cooperative received not only a cash portion but also other shares in Emmi AG. At the end of 2016, Emmi acquired 80% of the Spanish goat milk processor Lácteos Caprinos. In July 2019 the purchase of the Italian pasticceria Quadrifoglio was announced; The completion of the transaction is still subject to approval by the relevant competition authorities . In August 2019 it became known that the Chilean subsidiary had merged with a competitor and would thus become number four in the Chilean milk market.
Distribution of the shares
Hold shares in Emmi AG (as of end of 2016, nominal capital ):
- Central Swiss milk producers , Lucerne, 54.4% (via the 100% subsidiary ZMP Invest AG)
- Central Switzerland Milk Buyers Association, Willisau, 4.2%
- MIBA Milchverband der Nordwestschweiz, Aesch, 3.4%
- Other 38.0%
Since the collapse of Swiss Dairy Food (SDF) in mid-2002, Emmi has been the leading food company in the Swiss dairy industry.
Milk Price Support Ordinance
In 2012, Emmi received over 43 million francs from the federal treasury solely for the cheese allowance .
Web links
- Homepage of Emmi AG
- Homepage of the Central Switzerland Milk Producers (formerly Central Switzerland Milk Association Lucerne )
Individual evidence
- ↑ Entry in the commercial register. Moneyhouse.ch, accessed on January 13, 2013 .
- ↑ New: Original Aromat and Emmi Caffè Latte in organic quality In: Coop.ch , March 27, 2018, accessed on March 28, 2018.
- ↑ Benjamin Weinmann: New name for “Caffè Latte”: Emmi renames its bestseller. In: luzernerzeitung.ch . April 18, 2019, accessed April 19, 2019 .
- ↑ a b Emmi takes over the majority in one of Europe's leading providers of organic goat's milk and sheep's milk products. In: finanzen.ch . April 2, 2019, accessed April 13, 2019 .
- ↑ Emmi is expanding its vegan range. In: schweizerbauer.ch . March 11, 2020, accessed April 13, 2020 .
- ↑ Emmi sells to Coop subsidiary. In: schweizerbauer.ch . February 1, 2019, accessed February 15, 2019 .
- ↑ Emmi sells Italian yogurt manufacturer Trentinalatte . NZZ.ch
- ↑ Aargauer Milchverband reorganized - Detail - lid.ch , November 21, 2006
- ↑ Emmi Corporate - Emmi takes over Mittelland Molkerei AG in full , July 18, 2016
- ↑ Emmi acquires 80% of the Spanish goat milk processor Lácteos Caprinos . In: Cash online, December 22, 2016
- ↑ Emmi is expanding with Pasticceria Quadrifoglio in Italy. In: handelszeitung.ch . July 25, 2019, accessed August 25, 2019 .
- ↑ Emmi is expanding with Pasticceria Quadrifoglio in Italy. In: handelszeitung.ch . July 25, 2019, accessed August 25, 2019 .
- ^ Daniel Salzmann, Samuel Krähenbühl: Cheese allowance - 33 cheese makers receive more than CHF 1 million . In: schweizerbauer.ch . September 14, 2013, accessed May 28, 2019 .