Swiss milk processor Emmi secures majority stake in Brazilian dairy Verde Campo
The Switzerland-based milk processor Emmi is acquiring a majority stake in the Brazilian dairy company Verde Campo. The stake is being purchased from Coca-Cola at an undisclosed price, as outlined in a press release issued on Tuesday.
This content was published on
2 minutes
Keystone-SDA
Português
pt
Empresa suíça de laticínios compra brasileira Verde Campo
With the purchase of Verde Campo, the Swiss company is strengthening its “existing market position in the strategic market of Brazil”, the largest for dairy products in Latin America. Emmi sees further potential in the country, where it already operates the subsidiary Laticínios Porto Alegre.
More
More
‘Animal milk remains Emmi’s passion and core business’
This content was published on
Ricarda Demarmels, the new CEO of Swiss dairy giant Emmi, is confident that plant-based alternatives will not replace animal milk.
Verde Campo is well established with its products in Brazil and the brand is regarded as a pioneer in the protein sector. According to the press release, the brand is highly regarded by nutritionists “for its positive health properties, such as lactose-free, protein-rich and natural recipes”.
Verde Campo will continue to operate as an independent company, as stated in the press release. The dairy’s former founding team will also maintain their investment in the company. According to the press release, they will retain a 30% stake in the company, securing them a seat on the Board of Directors.
However, the transaction still requires approval from the authorities. Verde Campo reports a turnover of 301 million reals (CHF52.1 million).
Brazil is Emmi’s third-largest market after Switzerland and the United States (US). In the Americas market, which includes Brazil, the US, Canada, Chile, Mexico, Tunisia and Spain, the company achieved sales of CHF1.7 billion last year, accounting for 40% of total sales.
Translated from German by DeepL/sp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
Swiss foreign minister backs Berset at Council of Europe
This content was published on
Cassis described Berset as the "ideal candidate" to help the Council realise its aim of ensuring security and peace in Europe.
Gay conversion therapy banned in Swiss canton of Valais
This content was published on
On Thursday, the canton approved a new Health Act which includes a ban on therapies aimed at changing sexual orientation or gender identity.
This content was published on
Some aspects of pro-Palestine sit-ins have gone too far, but the right to protest and debate must be upheld, the student association has said.
Swiss LGTBIQ helpline: attacks more than doubled in 2023
This content was published on
Three organisations jointly operating a helpline have called for more awareness, action and funding to address discrimination.
This content was published on
Switzerland's economy grew slightly at the start of 2024, with growth in the service sector contrasting with weak growth in industry.
Swiss employment rate rises in first quarter of 2024
This content was published on
The number of women and foreign nationals in employment increased particularly strongly, the Federal Statistical Office said on Thursday.
This content was published on
A US court of appeals confirmed that the term gruyère is a common label for cheese and can’t be reserved for a type from a specific region.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.