Emmi to acquire 30% stake in Laticínios Porto Alegre Indústria e Comércio.

Emmi, Swiss milk processor, to acquire 30% stake of Laticínios Porto Alegre Indústria e Comércio, dairy products producer. Financial terms were not disclosed. As of 3 July 2017, Emmi acquired a 40% stake in the Brazilian dairy Laticínios Porto Alegre. Since then, the company has continued its positive development in an extremely challenging market environment. With a view to strategically strengthening its international business, Emmi decided to increase its stake to 70%, subject to the approval of the local competition authority.