Emmi Acquires A 70% Stake In Dutch Company AVH Dairy Trade BV

With effect from 1 January 2013, Emmi has acquired a 70% stake in the goat's and sheep's milk products trader AVH Dairy Trade BV, which is based in Bergen, the Netherlands. This will enable Emmi to reinforce its position in a flourishing niche market.

08 Jan 2013 --- Emmi wants to strengthen its position in the international goat's and sheep's milk product market. The acquisition of AVH Dairy Trade BV is a further step in this direction. The company, based in Bergen, the Netherlands, is a leading international trader of goat's and sheep's milk products, in particular cheese, milk power and protein concentrates. It markets its products mainly in the EU, the US and Asia. Its product range also includes organic cow's milk products.

Urs Riedener, CEO of Emmi, commented: "We are pleased about the expansion of Emmi's goat's and sheep's cheese business, an area where we are already active in Switzerland and the US. It will be an ideal complement to our product range in attractive markets."

AVH Dairy Trade BV generated sales of about EUR 16.5 million (CHF 20 million) in 2012. The company has been a subsidiary of Emmi Nederland from 1 January 2013 and will continue to operate independently. The parties have agreed not to disclose the purchase price.