Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Emmi increases stake in Brazilian dairy firm Laticínios Porto Alegre

foodprocessing-technology 2019-06-19
Share       

Swiss cheese and dairy company Emmi has strengthened its footprint in the South American market by increasing its stake in Brazilian dairy company Laticínios Porto Alegre from 40% to 70%.

Financial details of the transaction have not been divulged.

based in Ponte Nova in the state of Minas Gerais, Laticínios Porto Alegre manufactures natural cheese, UHT milk, butter and whey powder for the Brazilian food industry.

In July 2017, Emmi acquired a 40% stake in the Brazilian dairy firm as part of its strategy to strengthen its market position in Switzerland and grow in international markets.

At the time of the initial investment, Emmi CEO Urs Riedener said: “Laticínios Porto Alegre is a healthy company that has also done an excellent job in recent years of economic difficulty.

“Its strong position provides Emmi with the possibility of complementing its product portfolio with innovative product and marketing concepts, thereby creating additional opportunities in a market with a great deal of potential over the long term.”

At the time of the initial investment, Laticínios Porto Alegre was one of the leading milk processors in Minas Gerais.

The acquisition of the majority of the shares is subject to approval by the local competition authority.

The remaining 30% stake in Laticínios Porto Alegre Indústria e Comércio will be held by its founding brothers José Afonso and João Lúcio Barreto Carneiro.

In 2018, Laticínios Porto Alegre achieved net sales of around BRL630m ($162m) and employed around 1,250 people.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Seabuckthorn Concentrate Juice

Seabuckthorn Concentrate Juice

Woojamark W50+ TTO Printer

Woojamark W50+ TTO Printer

SODIUM ACETATE

SODIUM ACETATE

ZXG Tube Bundle Dryer

ZXG Tube Bundle Dryer

Phospholipids krill oil

Phospholipids krill oil

Antarctic Krill Oil

Antarctic Krill Oil

ACTIValoe® Aloe Vera PL – D

ACTIValoe® Aloe Vera PL – D

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121