Swiss dairy group Emmi has increased its stake in France’s Diprola and Spain’s Kaiku as it looks to expand internationally.
Emmi has become a majority shareholder in both Kaiki and Diprola, now holding more than 60% of the shares in each group.
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The move reflects Emmi’s strategy to reduce its dependancy on the Swiss market, where growth is limited. In the medium term, Emmi has indicated it wishes to grow international sales to 50% of group revenue, up from just under 30% today. The company said this growth would be achieved organically and through acquisitions.
