| The 80% majority stake in Lácteos Caprinos buys by Lácteas García Baquero |
Emmi, the major Swiss milk processor, has sold its 80% majority stake in Spanish goat’s cheese manufacturer Lácteos Caprinos to Lácteas García Baquero. Founded in 2002 in Jaen, Lácteos Caprinos specialises in the production of goat’s milk products such as curd and cheese and reportedly generates annual sales of around €10 million.
Emmi acquired its 80% stake in Lácteos Caprinos back in 2016 from its two owners, Pedro Mantilla and Francisco Sainz.
The deal, which was made for an undisclosed sum, will see Spanish company Lácteas García Baquero take over all 40-full time employees. As part of the transaction, the business will continue under the Lácteos Caprinos brand.
Emmi says its move forms part of its focus on growth and margin delivering international business, with the decision based on adjustments to its Europe-wide goat’s milk procurement strategy. However, the Swiss company highlights that the consistent expansion of goat’s milk products remains strategically important.
