Media releasesEmmi strengthens its Latin American business: Surlat and Quillayes to merge
Media releasesEmmi strengthens its Latin American business: Surlat and Quillayes to merge
Surlat, the existing Emmi company in Chile, is merging with competitor Quillayes to form Quillayes Surlat. The newly founded company will be the number four in the Chilean dairy market. Emmi subsidiary Kaiku will hold a majority stake of 51.5 %. The acquisition is subject to approval by the local competition authorities.
Media releasesResult on previous year's level, strategy implementation on track
Media releasesResult on previous year's level, strategy implementation on track
Emmi made good progress in the first half of 2019 thanks to the consistent implementation of its strategy. The business was further strengthened with a special focus on growth markets and the expansion of the strategic niche areas of desserts, organic products and goat’s milk. At operational level, Emmi held up well despite the difficult environment thanks to strong innovation and the Emmi Operational Excellence cost-saving programme. Organic sales growth of 1.6 % was slightly below expectations, but Emmi is still on track to meet its earnings targets. Compared with (adjusted) prior-year figures, EBIT was slightly down in the first six months of the year, while net profit was slightly up.
Media releasesEmmi acquires Italian company Pasticceria Quadrifoglio srl
Media releasesEmmi acquires Italian company Pasticceria Quadrifoglio srl
Italian dessert specialities are an important strategic area for the growth of the Emmi Group’s European business. Through its acquisition of Pasticceria Quadrifoglio srl, Emmi is expanding and strengthening its existing dessert network in Italy with a further competent player.
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