Emmi AG
 

Media release
 

 

International presence
 

Emmi increases its stake in Mexican company Mexideli

 
 

Lucerne, 25 October 2017 – Emmi is increasing its stake in Mexideli 2000 Holding SA de CV from 50 % to 51 %. It now holds a majority stake in the company, Mexico’s leading importer of speciality cheeses. Co-founder Yory Salant remains CEO and continues to grow the successful company with his Management Team.

 
 

Strengthening its international presence is part of Emmi’s strategy. Some of the desired growth is to be achieved in emerging markets outside Europe – including in Latin America. Mexico is the third anchor in this region alongside Chile and Brazil.

 

Emmi has owned a stake in Mexideli 2000 Holding SA de CV (“Mexideli”) since the beginning of 2014. The company has now increased this stake by 1 % to 51 %. The resulting majority stake offers Emmi greater security and underlines its commitment to Mexideli and the Mexican market. Mexideli will be fully consolidated.

 

CEO Yory Salant and his Management Team will continue to  increase market share by providing excellent service to its retail and foodservice customers.

 

 

Leading importer of premium food products

 

Mexideli is very well established and has been a successful market player for almost 30 years. The company has a modern import and logistics infrastructure at five locations in Mexico. In 2016, it generated sales of CHF 57 million (USD 58 million) with some 300 employees.

 

It is Mexico’s leading importer of premium food products, such as speciality cheeses Mexideli therefore helps Emmi strengthen its position in an attractive, growing market and increases the potential for exporting Emmi Group products to Mexico.

 

The main beneficiaries within the Emmi product portfolio are Swiss export cheese varieties, Swiss cheese fondue and the dairy desserts of Italian producer A-27.

 

The parties have agreed not to disclose the purchase price or any other details of the contract.

 
 

 

Contact

 

Analysts:

Esther Gerster, Head of Group Communications & IR,

t +41 41 227 27 86, e-mail: esther.gerster@emmi.com

 

Media:

Sibylle Umiker, Head of Media Relations,
t +41 58 227 50 66, e-mail: media@emmi.com  
 

 

Downloads

 
Pictures
Media release Mexideli 2014
 

 

 

About Mexideli

 

Mexideli 2000 Holding SA de CV is headquartered in Mexico City and specialises in imports of premium foods. The company is Mexico’s market leader for speciality cheese imports. It has for many years been a distributor of Swiss cheese varieties, Emmi fondue and Italian desserts from producer A-27. The company employed some 300 people in 2016 and generated sales of around CHF 57 million.

 

 

About Emmi

 

Emmi is the leading Swiss milk processor and one of the most innovative premium dairies in Europe. In Switzerland, the company focuses on the development, production and marketing of a full range of dairy and fresh products as well as the production, ageing and trade of mainly Swiss cheeses. Outside Switzerland, Emmi concentrates on brand concepts and specialities in established European and North American markets, and increasingly in emerging markets outside of Europe. The primary focus in fresh products is on lifestyle, convenience and health products. In the cheese business, Emmi positions itself as the leading company worldwide for Swiss cheese. Emmi’s customers are the retail trade, the hospitality and food service sector and the food industry.

 

In Switzerland, the Emmi Group includes around 25 production sites of every size. Abroad, Emmi and its subsidiaries have a presence in 13 countries, seven of which have production facilities. Emmi exports products from Switzerland to around 60 countries.

 

In 2016, Emmi posted net sales of CHF 3,259 million and a net profit of CHF 140 million. The company employs nearly 5,800 staff (full-time equivalents), of which 3,000 in Switzerland.