Emmi claims majority stake in Mexideli
25 Oct 2017 --- Emmi is increasing its stake in Mexideli 2000 Holding SA de CV from 50 percent to 51 percent thus holding a majority stake in the company. Strengthening its international presence in Mexico 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 percent to 51 percent. The resulting majority stake offers Emmi greater security and underlines its commitment to Mexideli and the Mexican market. Mexideli will be fully consolidated.
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 (US$ 58 million) with some 300 employees.
It is Mexico’s leading importer of premium food products, such as specialty 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.
Financial details of the deal have not been disclosed.
