Cypress Grove is a renowned producer and the best-known brand in the US for fresh and ripened premium goat’s cheese specialties. Emmi has also increased its stake in CASP (Contract Aseptic & Specialty Packaging) LLC in Penn Yan, New York, to 100%. CASP specialises in contract manufacturing of aseptic milk products and forms an important pillar in Emmi’s fresh products business in the US.
As the leading supplier of Swiss cheese and fresh dairy products, Emmi plans to continue its growth, focusing in particular on the Italian, German, Austrian, UK and US markets. The acquisition of Cypress Grove Chèvre with effect from 19 August 2010 (PST) or 20 August 2010 (CET) is an important step in this direction.
The company’s founder, Mary Keehn, is looking forward to working with Emmi: “Emmi is the ideal partner for Cypress Grove. The synergies in marketing cheese specialties from Switzerland and the US will help to strengthen the presence of the Cypress Grove Chèvre brand and further develop our site in Arcata.”
Urs Riedener, CEO of Emmi, said: “Cypress Grove Chèvre’s premium cheese specialties will be an ideal complement to our US product range. The expanded product line will allow us to strengthen our position in our largest foreign market, the US.”
Emmi can finance the acquisition of Cypress Grove Chèvre and the complete takeover of CASP using current funds and credit lines. The contractual parties have agreed not to disclose details of the purchase price.
© FoodBev Media Ltd 2020