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CEOWORLD magazine - Latest - Banking and Finance - Emmi Group Expands Coffee Portfolio with Hochstrasser Acquisition

Banking and Finance

Emmi Group Expands Coffee Portfolio with Hochstrasser Acquisition

Swiss dairy leader Emmi Group has announced its plan to purchase Lucerne-based coffee roaster Hochstrasser, aiming to enhance its Emmi Caffè Latte ready-to-drink (RTD) coffee line.

Since 2004, Hochstrasser has been the coffee supplier for Emmi Caffè Latte, which is available in seven European markets, including Switzerland, France, and the UK. This strategic acquisition is expected to bolster Emmi’s coffee expertise, merging premium coffee roasting in Lucerne with Swiss milk.

Founded in 1852, Hochstrasser primarily caters to the horeca sector, distributing its coffee products within central Switzerland and the Don George brand in the German-speaking western region. Besides coffee, Hochstrasser also provides coffee machines, grinders, spare parts, premium teas, and drinking chocolate. In 2023, Emmi Group reported sales of $4.7 billion, while Hochstrasser’s revenue was approximately $18.9 million.

Emmi Group believes the purchase will create greater production efficiencies for Emmi Caffè Latte and improve the market standing of Hochstrasser and Don George coffee products. The financial details of the deal remain undisclosed and are pending approval from competition authorities. Despite the acquisition, Hochstrasser will continue to operate independently, with Kevin Heer maintaining his role as Managing Director.

 

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CEOWORLD magazine - Latest - Banking and Finance - Emmi Group Expands Coffee Portfolio with Hochstrasser Acquisition

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Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz