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Announced

Completed

Emmi completed the acquisition of Athenos from Lactalis.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Food Products

United States

feta cheese

Single Bidder

Private

Friendly

Cross Border

Acquisition

Completed

Majority

Synopsis

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Emmi, a Swiss milk processor and dairy products company, completed the acquisition of Athenos, a provider of mediterranean-style cheeses, from Lactalis, a French multinational dairy products corporation. Financial terms were not disclosed. "With Athenos the number 1 in the US feta market will be joining Emmi. We are well suited for further developing this business successfully. It will strengthen our position in the strategically important US market and therefore also our growing export business from Switzerland as we can offer our customers an even more extensive and attractive range of products," Matthias Kunz, Emmi Executive Vice President, Division Americas.

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