Swiss dairy firm Emmi has announced that it has increased its stake in Dutch goat’s milk processor Bettinehoeve to 90%, for an undisclosed sum.
Since 2016, Emmi has held a 60% stake in the Dutch family business, which steadily strengthened its position in recent years by offering a diverse range of goat’s cheese varieties.
‘Important Growth Segment’
Commenting on the move, Robin Barraclough, head of Emmi’s European business division, said, “With this increase in our stake, we can integrate Bettinehoeve even better into our global goat’s milk network and strengthen our commitment to this important growth segment for Emmi.”
Bettinehoeve was founded in 1982 by Johan Ewijk, the father of the current managing director Sybren Ewijk.
He will retain a 10 % stake in the company and will continue to manage the business, Emmi said in its statement.
The move will also impact Emmi’s share in Goat Milk Powder (GMP) - a joint venture between Bettinehoeve and AVH dairy, a Dutch subsidiary of Emmi.
The Swiss dairy firm will now hold 80.9% of GMP’s shares.
AVH dairy is responsible for the marketing, sales and distribution of products used in the production of sports nutrition and baby food, the company added.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.