Emmi divests the Gläserne Molkerei
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Emmi Management AG / Key word(s): Strategic Company Decision Ad hoc announcement pursuant to Art. 53 LR Lucerne, 6 July 2023 – The Emmi Group divests the Gläserne Molkerei, a German-based company specialising in the production of regional organic dairy products, to Mutares. The transaction is consistent with the Group's ongoing portfolio transformation and focus on profitable strategic markets and niches. The Emmi Group is divesting the Gläserne Molkerei, a northeast German-based company specialising in the production of regional organic dairy products, to Mutares with headquarters in Munich. The transaction is consistent with the Group’s ongoing portfolio transformation and focus on profitable strategic markets and niches such as ready-to-drink coffee, speciality cheeses, premium chilled desserts and plant-based dairy alternatives. The Gläserne Molkerei generated sales of around EUR 100 million with over 120 employees in 2022.
Download material and further information Contacts Media Investors and Analysts About Emmi Emmi is the leading manufacturer of high-quality dairy products in Switzerland. Its roots date back to 1907, when it was founded by dairy farmer cooperatives in the Lucerne region. With its focussed strategy, innovative products and brand concepts established beyond Switzerland, such as Emmi Caffè Latte and Kaltbach cheese, Emmi has grown into an internationally active, listed group (EMMN) with a strong local presence in 14 countries. Emmi’s business model is traditionally based on a careful approach to nature, animals and people. In this way, Emmi creates the best dairy moments, today and for generations to come, while also contributing to value creation in rural regions. The company distributes its quality products in around 60 countries and manufactures these at over 50 of its own production sites in eleven countries. With more than 9,000 employees, around 70% of whom work outside Switzerland, the Emmi Group generated sales of CHF 4.2 billion in 2022. About Gläserne Molkerei Gläserne Molkerei is an organic dairy with two locations in Germany. One production facility is located in Münchehofe in Brandenburg, the other is in Dechow in Mecklenburg. In 2022, it generated sales of around EUR 100 million with its high-quality, regionally produced organic dairy products. Emmi Group became involved in the Gläserne Molkerei in 2012 and took over the company completely in 2016. About Mutares Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm, Vienna and Warsaw, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2023, consolidated revenues of EUR 4.8 billion to EUR 5.4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net income in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650). End of Inside Information |
| Language: | English |
| Company: | Emmi Management AG |
| Landenbergstrasse 1 | |
| 6005 Luzern | |
| Switzerland | |
| E-mail: | info@emmi.com |
| Internet: | www.emmi.com |
| ISIN: | CH0012829898 |
| Valor: | 1282989 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1673693 |
| End of Announcement | EQS News Service |
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1673693 06-Jul-2023 CET/CEST
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