Swiss dairy firm Emmi has announced the acquisition of the US dessert business Indulge Desserts from AUA Private Equity for an undisclosed sum.
Emmi has agreed to purchase an 87.7% stake in the Indulge Dessert company as part of its strategy to strengthen its dessert business in the US.
Founded in 1993, Indulge Desserts is a manufacturer of premium American and international dessert specialties in its four manufacturing facilities. Its portfolio includes the Cannoli Factory, Love & Quiches, Elegant Desserts, and Joey’s.
Urs Riedener, CEO of the Emmi Group, says: “With Indulge Desserts we are not only acquiring a highly innovative and agile Center of excellence for desserts with a strong market position in the USA, we are also opening up new sales opportunities for our premium desserts from Italy.”
Source: FoodBev Media