Emmi acquires Cypress Grove Chevre
August 23, 2010
by Keith Nunes
LUCERNE, SWITZERLAND — Swiss cheese processor Emmi has acquired Cypress Grove Chevre, Arcata, Calif., a manufacturer of fresh and ripened goat cheese. The company also announced it has increased its stake to the full ownership of CASP L.L.C., Penn Yan, N.Y., a contract manufacturer of aseptic milk products. Terms of the agreements were not disclosed.
Cypress Grove generates sales of approximately $10 million and employs 45. The company’s founder, Mary Keehn, said there are numerous synergies to working with Emmi, including the marketing of specialty cheeses and the ability to further develop the company’s facility in Arcata.
CASP manufactures the Caffe Latte beverage that Emmi sells in the United States. The full acquisition now gives Emmi its own facility to produce the Caffe Latte line. The company also said it plans to shift production of its U.S. yogurt line to the facility as well.
“In 2009, Emmi generated sales of around $175 million in the U.S.,” said Urs Riedener, chief executive officer. “The investments in Cypress Grove Chèvre and CASP are important steps to strengthen our position in the U.S. market in line with our international growth strategy.”