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Emmi, a major Swiss milk processor, announced on 18 September 2020 that it will acquire Indulge Desserts Intermediate Holdings, LLC. Italian dessert represents an important strategic pillar for Emmi.
In recent years, Emmi has established a leading position in deserts and has proven that it can successfully bring together and develop solid networks. Emmi is further strengthening its position in desserts by acquiring the complementary US desserts maker Indulge Desserts Intermediate Holdings, LLC. Based in the New York metropolitan area, the company makes a wide range of high-quality desserts and generates annual sales between USD 80m and 90m. This acquisition will enable Emmi to participate even more strongly in the growing dessert segment as well as extending its footprint to the United States and opening up new distribution opportunities for its Italian desserts. The transaction is subject to customary merger control approval.
PwC Deals assembled a team in the US with FDD, HR, Tax and SPA support.