Swiss dairy group Emmi announced today (11 November) that it had snapped up yoghurt brand Onken from German food maker Dr Oetker.
Emmi said the deal, struck for an undisclosed sum, would strengthen its business in the UK and Germany, two of the company’s key markets.
Under the agreement, Onken yoghurts will continue to be produced by Dr. Oetker in Germany.
Emmi CEO Urs Riedener said: “Onken is the number one in the UK and the number three in Germany for large pots of yogurt. This strong brand will enable us to consolidate our market position in our key markets of the UK and Germany, and lay the foundations for further growth with exported Swiss products.”
The deal remains subject to regulatory approval in Germany and Switzerland.