As a leader in the development and manufacturing of all aseptic products, KanPak has the ability to grow the Penn Yan production site at a faster rate, allowing Emmi to dedicate more resources to reinforce its strong U.S. position in the specialty cheese business. The transaction is set to be completed on Dec. 18.
In August 2010, Emmi acquired CASP LLC, a contract aseptic and specialty packaging company headquartered in Penn Yan, N.Y. Emmi then built a state-of-the-art production facility for fresh dairy and aseptic products. The potential of this facility prompted KanPak to enter into discussions with Emmi regarding the purchase of the assets of Emmi Penn Yan.
Emmi Penn Yan generates revenues of $30 million.
“Emmi Penn Yan is a state-of-the-art production facility that has convinced KanPak,” says Matthias Kunz, senior vice president Americas at Emmi. “As a specialist for manufacturing of aseptic products, KanPak is in a good position to rapidly develop the site in Penn Yan. This is what persuaded us to go ahead with the sale.”