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Emmi sells Italian cheesemaker Ambrosi to Lactalis: Italian cheese classics are no more section of our core range

Switzerlands leading dairy player, Emmi Group, has announced it really is selling off its 25% stake in Italian cheesemaker Ambrosi to Lactalis for an undisclosed amount.

Emmi has a diverse portfolio of dairy brands, which range from Pierrot Ice Cream to Tonys Mozzarella, Le petit chevrier, Emmi Benecol, and Aktifit.

The Swiss dairy major acquired its stake in Ambrosi which specialises in Italian cheese classics Parmigiano Reggiano and Grana Padano back 2007.

In those days, the acquisition was targeted at achieving joint international growth in a number of selected countries in the speciality and premium cheese segment. Emmi and Ambrosi plan to offer their customers a thorough, high quality selection of traditional Swiss and Italian cheeses and drive their international growth forward, said the cheese manufacturers during acquisition.

But now, Emmis strategy is leaving the Italian cheese classics.

Italian cheese classics such as for example Parmigiano Reggiano and Grana Padano have already been the perfect addition to your high-quality traditional selection of Swiss cheese specialities, but are no more section of our core range, explained Emmi Group CEO Urs Riedener.

The sale also reflects our consistent strategic alignment to differentiated brand concepts and profitable focus platforms such as for example ready-to-drink coffee, specialty cheese, desserts and plant-based milk alternatives.

France-headquartered multinational Lactalis, the biggest milk products group on earth, will incorporate Ambrosi into its portfolio alongside popular brands Prsident, Socit, Lactel, and Stonyfield Organic.

Current sales of Grana Padano and Parmigiano Reggiano appear strong. Based on the Grana Padano protection consortium, a rise in production and consumption, alongside recovering prices, positively influenced market results in 2021 and the initial four months of 2022. In 2021, exports grew by 7.07%.

For Parmigiano Reggiano space, 2021 consumer turnover hit an all-time most of 2.7bn in comparison to 2.7bn in comparison to 2.35bn in 2020. Value at production also saw the best on record, at 1.71bn in comparison to 1.52bn in 2020.

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