“The new ownership structure creates sustainable future prospects for the Gläserne Molkerei with its high-quality range of organic dairy products and enables Emmi to continue to implement its strategy of focus,” said Ricarda Demarmels, CEO of the Emmi Group.

After a thorough review of various options and intensive discussions with a range of interested parties, Emmi has decided to divest the Gläserne Molkerei to Mutares, a company specialising in turnaround situations. Mutares has a track record of putting companies back on the road to success, both operationally and strategically, thus creating attractive prospects for employees, trading partners, consumers and suppliers alike.

Completion of the sale is subject to approval by the responsible competition authorities. The parties have agreed not to disclose the purchase price.