Emmi to sell Italian fresh cheese specialist Venchiaredo S.p.A.
Venchiaredo produces mozzarella, stracchino, mascarpone and ricotta cheeses and butter.
Emmi Group, Switzerland, announced plans to sell its 24% stake in Italian fresh cheese specialist Venchiaredo S.p.A., Italy. In doing so, Emmi is focusing its activities in Italy on the dessert business, cheese exports from Switzerland and its 25% stake in cheese trader Ambrosi S.p.A., also based in Italy.
Emmi has been a minority stakeholder in Venchiaredo S.p.A. since January 2010. At the same time, Emmi Italy took over sales of Venchiaredo products. In 2012, Emmi increased its stake from 10% to 24%.