Emmi AG

Overview

Emmi AG

type	Public company
traded as	swx: EMMN
isin	isin: CH0012829898
founded	1907
hq location city	Lucerne
hq location country	Switzerland
area served	Worldwide
key people	Konrad Graber (Chairman) Urs Riedener (Group Chief Executive Officer)
industry	Food
products	Dairy and vegan dairy alternatives
production	11 countries (Austria, Brazil, Chile, France, Germany, Italy, Netherlands, Spain, Switzerland, Tunisia, USA)
services	Exports from Switzerland to around 60 countries
revenue	CHF 3,706 million (2020)
profit	CHF 188.4 million (adjusted CHF 220.3 million) (2024)
owner	53.2 % of shares held by ZMP Invest AG (cooperative of milk farmers)
num employees	12200+ (01 März 2025)
divisions	Switzerland, Europe, Americas (incl. North Africa), Global Trade (exports from Switzerland)

Emmi AG is a Swiss milk processor and dairy products company headquartered in Lucerne.[1] The company employs a total of 12,000+ people in Europe (including Switzerland), North America (USA and Mexico), South America (Brazil and Chile) and North Africa (Tunisia). Emmi AG is listed on the SWX Swiss Exchange. The company generates about 42.5 percent of its sales locally and the other 57.5 percent abroad. Numerous production companies in Switzerland belong to the Emmi Group. Outside of Switzerland, Emmi has production facilities, in Chile, Germany, Italy, the Netherlands, Austria, Spain, Tunisia, Brazil, Canada and the USA. Emmi is one of the 500 largest companies in Switzerland.

History

In 1907, 62 cooperatives founded the Zentralschweizerischen Milchverband Luzern (Central Switzerland Milk Association in Lucerne) (MVL).[2][3]

Company acquisitions and sales

Switzerland

In 2000, Emmi acquired 35% of Baer AG, founded by Edwin Baer, and sold the shares to Lactalis in 2008.[72] In 2003, the four processed cheese manufacturers Gerberkäse AG, Chalet Käse AG, Tigerkäse AG, and Zingg AG merged to form Emmi Fondue AG.[73] This, in turn, is a member of the Swiss Processed Cheese Industry Association (SESK). In 2010, Fromalp AG in Zollikofen was acquired by Hochland SE.[74] In 2016, the Mittelland Molkerei AG (MIMO) in Suhr[75] with an annual turnover of around 500 million Swiss francs was fully acquired. It was founded in 2005 as a merger of the Emmi subsidiary Butterzentrale Luzern with the AZM Aargauer Zentralmolkerei (formerly part of the Aargau Milk Association).[76] From the outset, Emmi held a 60% stake in MIMO, AZM Verwaltungs AG (a subsidiary of the Genossenschaft Milchproduzenten Mittelland (MPM); formed in 2007 from the Aargauer Milchverband;[77] its president is the former mayor of Suhr, Marco Genoni)[78] held 40%.[79] For the sale of all shares, the cooperative received a cash share and further shares in Emmi AG.[80] In 2019, Emmi Frisch-Service AG was sold to the Transgourmet Group.[81]

International

In 2014, Emmi expanded its activities in the Latin American market by acquiring 50% of the Mexican cheese importer Mexideli.[114] The loss-making Italian yogurt producer Trentinalatte (recent sales of CHF 43 million) was sold to the industrial holding company Livia, owned by financial investor Peter Löw.[127] At the end of 2016, Emmi acquired 80% of the Spanish goat milk processor Lácteos Caprinos[128] and sold it again at the end of 2020.[90] In July 2019, the purchase of the Italian Pasticceria Quadrifoglio was announced; the completion of the transaction is still subject to approval by the relevant competition authorities.[129] In 2021, it was announced that Emmi, subject to approval by the relevant competition authorities, intends to acquire Athenos, the number one in the US feta market, from Lactalis.[130]

Emmi AG

History

Products

Presidents and CEOs

Facts and Figures

Company acquisitions and sales

Switzerland

International

Distribution of shares

Miscellaneous

See also

External links

References