Swiss dairy group Emmi has reached a deal to take full ownership of US cheese specialist Roth Käse USA.
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The move builds upon Emmi’s strategic partnership with Roth Käse, in which it already holds a minority stake, the company revealed today (8 January).
“By taking total ownership of Roth Käse we are improving our position in the US market, where we are well-placed for growth,” a spokesperson for the company told just-food.
Emmi said that it plans to reinforce its market position as a producer of Swiss cheese internationally, focusing on the Italian, German and US markets in particular.
Roth, which booked sales of around US$90m in the previous fiscal year, produces speciality cheeses.
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By GlobalDataRoth will continue to operate as a stand-alone unit, with a focus on the foodservice sector. However, Emmi said that the deal would allow it to tap into new sales channels for its Swiss cheese line in the foodservice sector.
For Emmi, the acquisition of the US cheese specialist is “a logical step in our strategy and creates a solid foundation for expanding our food service segment”, CEO Urs Riedener explained
The financial details of the transaction were not disclosed.
