info@ceoworld.biz
Friday, November 22, 2024
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.

 

Have you read?
Best Fashion Schools.
Best Universities.
Best Medical Schools.
Best International High Schools.
Countries: Most Female Billionaires.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Banking and Finance - Emmi Group Expands Coffee Portfolio with Hochstrasser Acquisition
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