Emmi, a Swiss dairy company, is expanding its business with the acquisition of a 66% stake in Austrian milk processor Leeb Biomilch.
Founded in 2001, Leeb Biomilch has established a leading position in Europe for organic goat’s and sheep’s milk products in fresh and UHT milk, milk drinks and yogurt. The firm also offers vegan products made from almonds, coconuts and oats under the MyLove-MyLife brand. It has 50 employees and generates annual sales of approximately €15 million ($16.9 million).
Emmi entered the goat’s milk products business in 2010 through its acquisition of Californian firm Cypress Grove and Swiss brand Le Petit Chevrier. It later acquired Cypress Grove and Redwood Hill in the USA, Bettinehoeve and Goat Milk Powder from the Netherlands, Spain’s Lacteos Caprinos , and AVH Dairy, a global trading company also based in the Netherlands.
In a press release, Emmi CEO Urs Riedener said: “Leeb Biomilch GmbH is not only a good fit for Emmi based on its goat’s milk products, but also on its clear commitment to quality, innovation and sustainability”.