News in brief
Emmi increases stake in Dutch company AVH
Swiss dairy company Emmi has held a stake in the goat’s and sheep’s milk product trader AVH dairy trade B.V. (AVH), based in Bergen, the Netherlands, since January 2013, and is now increasing its stake from 75% to 90%.
The remaining 10 % will continue to be held by the founder of AVH.
Goat’s milk products occupy an increasingly important niche in Emmi’s product portfolio.
Emmi has been a stakeholder in AVH since January 2013. The company is an international trader of goat’s and sheep’s milk products, in particular cheese, milk powder and protein concentrates. AVH’s sales markets are the EU, the US and Asia.
A subsidiary of Emmi Benelux B.V., AVH generated sales of around €35m ($40.8m) in 2017.
The parties have agreed not to disclose the purchase price.
