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Emmi is preparing to make more international acquisitions as it looks to generate 50% of its sales from overseas, the Swiss dairy group told just-food today (27 March).
Swiss dairy group Emmi has this year pressed on with its plans to expand overseas and rely less on a stagnant domestic sector. At the SIAL 2012 industry expo in Paris, Dean Best met Matthias Kunz, head of Emmi's international business, to discuss the company's latest investments, including its decision to take a majority stake in Spanish dairy Kaiku.
Swiss dairy group Emmi today (26 March) booked an 8% increase in profits for 2013 as acquisitions helped drive bumper overseas sales growth.
International growth, fuelled by acquisitions, have boosted Emmi's full-year sales as the Swiss dairy group continued to reduce its reliance on domestic revenues in 2013.
Swiss dairy group Emmi has struck a deal to buy 50% of Mexideli 2000 Holding, an importer of cheese and fresh products into Mexico.
Emmi has bought a 25% stake in US-based yoghurt firm Siggi's as the Swiss dairy group looks to dip its toe into the country's fast-growing yoghurt sector.
Five leading UK yoghurt producers have joined forces to launch a council dedicated to promoting the product and boosting category growth.
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