Switzerland: Emmi Emmi strengthens Latin American business

The Switzerland headquartered private dairy Emmi strengthens its Latin American business. Surlat, the existing Emmi company in Chile, is merging with competitor Quillayes to form Quillayes Surlat. The newly founded company will be the number four in the Chilean dairy market. Emmi subsidiary Kaiku will hold a majority stake of 51.5 percent in Quillayes Surlat. As a result, Emmi, which holds 73.5 percent of the shares in Kaiku, will have a 37.8 percent stake in Quillayes Surlat. Quillayes produces cheese, yogurt, butter and cream, Surlat’s key segments are UHT milk and other dairy products, particularly in the lactose-free area.

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