Emmi sells Emmi Frisch-Service AG to Transgourmet Group

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Emmi said that Emmi Frisch-Service AG has fallen below the critical size at which the company can be run independently and efficiently.

Swiss dairy company Emmi is selling its trading and supply company, Emmi Frisch-Service AG, to the Transgourmet Group.

Emmi Frisch-Service AG is a national trading company that was formed from the merger of Burra and Interfrais. It supplies around 4,000 businesses (food service providers, hospitals and nursing homes, convenience stores, retailers and wholesalers). Historically, the purpose of the business was to supply Emmi products to the many independent companies that could not be reached by other means.

New customer needs in particular led to a steady increase in competition and cost pressure in this segment. Emmi said that Emmi Frisch-Service AG has fallen below the critical size at which the company can be run independently and efficiently.

Over the past few months, Emmi has considered options to ensure the continued existence of the subsidiary in the long term, leading to the decision to sell the business, which generates sales of around CHF 110m, to the Transgourmet Group.

Emmi said it is pleased that the Transgourmet Group has the ability to integrate the business of Emmi Frisch-Service AG effectively and continue it successfully in the long term. All 160 employees will also be transferred.

The transaction is subject to approval by the competition authority. The parties have agreed not to disclose the purchase price.