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Emmi takes control of Mexideli

By Jim Cornall contact

- Last updated on GMT

Emmi says its fondue will benefit from the deal.
Emmi says its fondue will benefit from the deal.

Related tags: Dairy company emmi, Emmental, Switzerland

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.

Related topics: Manufacturers, Emerging Markets

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