News in Brief
Emmi takes control of Mexideli
Swiss dairy company Emmi is increasing its stake in Mexideli 2000 Holding SA de CV from 50% to 51%, meaning it now holds a majority stake in the company.
Mexideli is Mexico’s leading importer of speciality cheeses.
Emmi has owned a stake in Mexideli since 2014.
Mexideli has been operating 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 57m ($58m) and has 300 employees.
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.
Mexideli co-founder Yory Salant will remain CEO.
The parties have not disclosed the purchase price or any other details of the contract.
