Switzerland’s competition watchdog has cleared dairy group Emmi’s planned acquisition of local cheese maker Fromalp.
Emmi said this morning (11 June) that the Swiss Federal Competition Commission, or WEKO, had approved the deal “without reservation”. The acquisition from Germany’s Hochland will go through on 1 July.
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François Huguenin, Fromalp’s sales and marketing director, will become the company’s managing director.
Emmi said Fromalp generated around CHF100m (US$87.4m) in sales in 2009, with some 40% made in export markets.
Emmi first announced plans to fondue maker Fromalp in April. Speaking to just-food in the wake of the announcement, Emmi CFO Reto Conrad hinted that the company would make further acquisitions in Europe this year.
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