The acquisition will take place on 1 July 2010, with François Huguenin, Fromalp Ltd’s current head of marketing and sales, taking over as MD.
Emmi signed a purchase agreement for Fromalp Ltd in April 2010. The agreement with the current owner of Fromalp, the German company Hochland SE, can be implemented.
Fromalp Ltd specialises in the manufacture and distribution of typical Swiss cheese products. Emmi can leverage synergies during the integration of the Fromalp business in order to increase efficiency and reduce costs. These cost advantages will give Emmi the financial leeway to assert itself in the liberalised cheese market and, above all, to boost its sales abroad.
If production is relocated, Emmi is confident of being able to continue to employ the Fromalp employees affected at its various facilities. Emmi currently employs over 1,000 people in the greater Berne area. Fromalp employees will be given priority for vacancies based on their qualifications.
Source: Emmi
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