Lactalis, France, announced plans to acquire siggi's, a New York-based maker of Icelandic-style skyr yogurts.
siggi's will continue operating out of its New York City office and will remain a standalone company under its current senior leadership team, which includes founder Siggi Hilmarsson as chief executive officer and Bart Adlam as president.
"We're excited to join the Lactalis family, which offers the opportunity to further fuel our growth," says Hilmarsson. "Our core values of clean ingredient label and less sugar will remain 100% unchanged. Consumers everywhere are actively trying to reduce sugar in their diets, so our offering has a global relevance."
"siggi's topline grew 50% in 2017, and we expect to match this in 2018, as we launch further innovations,” adds Adlam. “We are excited to keep the momentum going with support from the largest dairy player in the world."
"We are delighted to welcome siggi's to the Lactalis Group, which further expands our yogurt platform in the U.S. with this unique and fast-growing yogurt brand. We look forward to supporting siggi's, as it continues to bring its retail partners exceptional dollar growth in the yogurt category," says Emmanuel Besnier, president of the Lactalis Group.