Divestment in Switzerland
Emmi sells Emmi Frisch-Service AG to Transgourmet Group
Lucerne, 1 February 2019 – Emmi sells its trading and supply company Emmi Frisch-Service AG to the Transgourmet Group.
Emmi Frisch-Service AG is a national trading company that was formed from the merger of Burra and Interfrais. It supplies around 4,000 businesses (food service providers, hospitals and nursing homes, convenience stores, retailers and wholesalers). Historically, the purpose of the business was to supply Emmi products to the many independent companies that could not be reached by other means.
New customer needs in particular led to a steady increase in competition and cost pressure in this segment. In the meantime, Emmi Frisch-Service AG has fallen below the critical size at which the company can be run independently and efficiently.
Over the past few months, Emmi has carefully analysed various options to ensure the continued existence of the subsidiary in the long term. Following extensive consideration of different alternatives Emmi has decided to sell this non-strategic business, which generates sales of around CHF 110 million, to the Transgourmet Group. Emmi Logistics will continue to offer its supply expertise to larger customers in the future.
In the Transgourmet Group, Emmi is pleased to have selected a buyer with the know-how to integrate the business of Emmi Frisch-Service AG effectively and continue it successfully in the long term. All of the business’s 160 employees will also be transferred.
The transaction is subject to approval by the competition authority. The parties have agreed not to disclose the purchase price.