The Emmi Group is divesting the Gläserne Molkerei, a northeast German-based company specialising in the production of regional organic dairy products, to Mutares with headquarters in Munich.
The transaction is consistent with the Group’s ongoing portfolio transformation and focus on profitable strategic markets and niches such as ready-to-drink coffee, speciality cheeses, premium chilled desserts and plant-based dairy alternatives. The Gläserne Molkerei generated sales of around EUR 100 million with over 120 employees in 2022.
“The new ownership structure creates sustainable future prospects for the Gläserne Molkerei with its high-quality range of organic dairy products and enables Emmi to continue to implement its strategy of focus,” said Ricarda Demarmels, CEO of the Emmi Group.
After a thorough review of various options and intensive discussions with a range of interested parties, Emmi has decided to divest the Gläserne Molkerei to Mutares, a company specialising in turnaround situations. Mutares has a track record of putting companies back on the road to success, both operationally and strategically, thus creating attractive prospects for employees, trading partners, consumers and suppliers alike.
Completion of the sale is subject to approval by the responsible competition authorities. The parties have agreed not to disclose the purchase price.