Emmi Strengthens Market Position in France
With the integration of Emmi France SAS into Ambrosi France SA, the new Ambrosi Emmi France SA will exploit initial synergies and considerably strengthen their market position in France as of 1 January 2008.
28/08/07 Emmi and the Italian cheese specialist Ambrosi SpA will join forces in France to form Ambrosi Emmi France SA as of 1 January 2008. The move will strengthen the market position of both companies for further growth in France. Ambrosi SpA is a leading Italian cheese specialist and produces, matures and markets mainly Parmigiano Reggiano and Grana Padano, as well as other classics such as mozzarella and gorgonzola.
Emmi took over a 25 percent stake in the Italian cheese specialist Ambrosi SpA, Italy as of 1 July 2007. Emmi and Ambrosi intend to offer their customers a comprehensive, high-quality range of traditional Swiss and Italian cheeses and jointly drive forward their international growth.
With the integration of Emmi France SAS into Ambrosi France SA, the new Ambrosi Emmi France SA will exploit initial synergies and considerably strengthen their market position in France as of 1 January 2008. Ambrosi Emmi France SA will employ 30 people and market cheese from Italy and Switzerland as well as Emmi's fresh products in France under the current management of Ambrosi France SA.
The Emmi Group is taking a minority stake in the new subsidiary in France, and will sit on the Board of Directors.
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