30. Summary of consolidated companies, associates and joint ventures
|
Consolidated companies |
Head office |
Function |
Currency |
Capital in 000s 31.12.2017 |
Capital share 31.12.2017 |
Capital share 31.12.2016 |
|
Switzerland |
|
|
|
|
|
|
|
Emmi AG |
Lucerne |
Holding |
CHF |
53,498 |
100 % |
100 % |
|
Baumann Käse AG |
Zollikofen |
Trade |
CHF |
100 |
100 % |
100 % |
|
Emmi Finanz AG |
Lucerne |
Service |
CHF |
100 |
100 % |
100 % |
|
Emmi Fondue AG |
Langnau i.E. |
Production |
CHF |
15,000 |
100 % |
100 % |
|
Emmi Frisch-Service AG |
Schlieren |
Trade |
CHF |
1,000 |
100 % |
100 % |
|
Emmi International AG |
Lucerne |
Service |
CHF |
5,000 |
100 % |
100 % |
|
Emmi Management AG |
Lucerne |
Service |
CHF |
500 |
100 % |
100 % |
|
Emmi Schweiz AG |
Lucerne |
Prod. and trade |
CHF |
5,700 |
100 % |
100 % |
|
FDS Fromagerie de Saignelégier SA |
Saignelégier |
Production |
CHF |
1,050 |
86 % |
86 % |
|
Fromco S.A. Moudon |
Moudon |
Production |
CHF |
2,100 |
60 % |
60 % |
|
Holding der Schweizerischen Milchproduzenten AG |
Münchenbuchsee |
Service |
CHF |
100 |
100 % |
100 % |
|
Käserei Studer AG |
Hefenhofen |
Prod. and trade |
CHF |
240 |
100 % |
100 % |
|
Lesa Lataria Engiadinaisa SA |
Bever |
Prod. and trade |
CHF |
1,500 |
80 % |
80 % |
|
Mittelland Molkerei AG |
Suhr |
Production |
CHF |
20,000 |
100 % |
60 % |
|
Molkerei Biedermann AG |
Bischofszell |
Prod. and trade |
CHF |
1,010 |
100 % |
100 % |
|
MOPRO Luzern AG |
Lucerne |
Service |
CHF |
120 |
100 % |
100 % |
|
Regio Molkerei beider Basel AG |
Frenkendorf |
Production |
CHF |
3,000 |
80 % |
80 % |
|
Studer Holding AG |
Hefenhofen |
Service |
CHF |
720 |
100 % |
100 % |
|
Studer Käsemarketing AG |
Hefenhofen |
Service |
CHF |
100 |
100 % |
100 % |
|
SWEET PORT SERVICES SA |
Lugano |
Trade |
CHF |
250 |
100 % |
100 % |
|
Swissexport, Aktiengesellschaft Schweizerischer Käseexporteure |
Berne |
Service |
CHF |
100 |
79 % |
79 % |
|
Spain |
|
|
|
|
|
|
|
Admilac Servicios Profesionales, S.L. |
San Sebastian |
Service |
EUR |
3 |
73 % |
73 % |
|
Altamira Alimentaria, S.L. |
Renedo |
Trade |
EUR |
3 |
73 % |
73 % |
|
Kaiku Corporación Alimentaria, S.L. |
San Sebastian |
Service and trade |
EUR |
82,110 |
73 % |
73 % |
|
Kaiku Internacional, S.L. |
San Sebastian |
Service and trade |
EUR |
61,632 |
73 % |
73 % |
|
Lácteos Caprinos S.A. 1) |
Campillo de Arenas |
Prod. and trade |
EUR |
600 |
80 % |
– |
|
Lácteos de Navarra, S.L. |
Pamplona |
Production |
EUR |
9,647 |
73 % |
73 % |
|
Llet Nostra Alimentaria, S.L. |
Barcelona |
Trade |
EUR |
3 |
36 % |
36 % |
|
SDA Bilbao, S.L. |
Bilbao |
Service |
EUR |
3 |
73 % |
73 % |
|
SDA Catalunya |
Barcelona |
Trade |
EUR |
3 |
55 % |
55 % |
|
SDA Gipuzkoa, S.L. |
Bilbao |
Service |
EUR |
3 |
73 % |
73 % |
|
Kaiku Km0, S.L. 2) |
Bilbao |
Service and trade |
EUR |
625 |
73 % |
73 % |
|
Soc. Servicios Logísticos SDA Central, S.L. |
Bilbao |
Service |
EUR |
3 |
73 % |
73 % |
|
Tecnología y Calidad Láctea, S.L. |
San Sebastian |
Service |
EUR |
3 |
73 % |
73 % |
1) The shares of Lácteos Caprinos S.A. were acquired on 12 January 2017.
2) Sociedad Distribuidora Alimentaria, S.L. was renamed Kaiku Km0, S.L.
|
Consolidated companies |
Head office |
Function |
Currency |
Capital in 000s 31.12.2017 |
Capital share 31.12.2017 |
Capital share 31.12.2016 |
|
Netherlands |
|
|
|
|
|
|
|
AVH dairy trade B.V. |
Bergen |
Prod. and trade |
EUR |
18 |
75 % |
75 % |
|
Bettinehoeve B.V. |
Etten-Leur |
Prod. and trade |
EUR |
18 |
60 % |
60 % |
|
Bettinehoeve Groep B.V. 3) |
Etten-Leur |
Service |
EUR |
– |
– |
60 % |
|
Bettinehoeve Holding B.V. 3) |
Etten-Leur |
Service |
EUR |
– |
– |
60 % |
|
Bettinehoeve Onroerend Goed B.V. 3) |
Etten-Leur |
Service |
EUR |
– |
– |
60 % |
|
Emmi Benelux B.V. |
Tiel |
Trade |
EUR |
523 |
100 % |
100 % |
|
Emmi Finance Netherlands B.V. |
Tiel |
Service |
EUR |
p.m. |
100 % |
95 % |
|
Goat Milk Powder B.V. |
Etten-Leur |
Production |
EUR |
1 |
45 % |
45 % |
|
Rachelli International B.V. |
Amsterdam |
Trade |
EUR |
18 |
100 % |
100 % |
|
Germany |
|
|
|
|
|
|
|
Emmi Deutschland GmbH |
Essen |
Trade |
EUR |
75 |
100 % |
100 % |
|
Gläserne Meierei GmbH |
Dechow |
Prod. and trade |
EUR |
375 |
100 % |
100 % |
|
Gläserne Molkerei GmbH |
Münchehofe |
Prod. and trade |
EUR |
100 |
100 % |
100 % |
|
Hofmolkerei Münchehofe GmbH |
Münchehofe |
Trade |
EUR |
25 |
100 % |
100 % |
|
Meierei Mecklenburg GmbH |
Dechow |
Trade |
EUR |
25 |
100 % |
100 % |
|
Molkerei Biedermann GmbH |
Constance |
Trade |
EUR |
25 |
100 % |
100 % |
|
Rutz Käse GmbH |
Constance |
Trade |
EUR |
25 |
100 % |
100 % |
|
Italy |
|
|
|
|
|
|
|
A-27 S.p.A. |
Rancio Valcuvia |
Prod. and trade |
EUR |
1,000 |
100 % |
100 % |
|
Emmi Holding Italia S.r.l. |
Milan |
Service |
EUR |
1,714 |
100 % |
100 % |
|
Emmi Italia S.p.A. |
Milan |
Trade |
EUR |
500 |
100 % |
100 % |
|
Eurogel S.r.l. |
Pero |
Trade |
EUR |
40 |
100 % |
100 % |
|
Italian Fresh Foods S.p.A. 4) |
Lasnigo |
Prod. and trade |
EUR |
202 |
100 % |
– |
|
Rachelli Italia S.r.l. |
Pero |
Production |
EUR |
52 |
100 % |
100 % |
|
France |
|
|
|
|
|
|
|
Distribution Frais Disfrais SAS |
Avignon |
Trade |
EUR |
192 |
66 % |
66 % |
|
EAF Immo 84 SCI |
Nice |
Service |
EUR |
270 |
66 % |
66 % |
|
Emmi France SAS |
Rungis |
Trade |
EUR |
40 |
100 % |
100 % |
|
Ets Schoepfer SAS |
Avignon |
Trade |
EUR |
1,252 |
66 % |
66 % |
|
SAS Emmi Ambrosi France E.A.F. |
Nice |
Service |
EUR |
100 |
66 % |
66 % |
|
Belgium |
|
|
|
|
|
|
|
Emmi Belux SA |
Brussels |
Trade |
EUR |
62 |
100 % |
100 % |
|
United Kingdom |
|
|
|
|
|
|
|
Emmi UK Limited |
London |
Trade |
GBP |
4,717 |
100 % |
100 % |
|
Austria |
|
|
|
|
|
|
|
Emmi Österreich GmbH |
Nüziders |
Trade |
EUR |
2,800 |
100 % |
100 % |
|
Tunisia |
|
|
|
|
|
|
|
Centrale Laitière de Mahdia, S.A. |
Mahdia |
Production |
TND |
33,000 |
33 % |
33 % |
|
Société tunisienne d'engraissement des veaux S.A.R.L. |
Mahdia |
Production |
TND |
140 |
30 % |
30 % |
3) Bettinehoeve Groep B.V., Bettinehoeve Holding B.V. and Bettinehoeve Onroerend Goed B.V. were merged into Bettinehoeve B.V. on 4 September 2017, retroactive to 1 January 2017.
4) Italian Fresh Foods S.p.A. was acquired on 1 March 2017.
|
Consolidated companies |
Head office |
Function |
Currency |
Capital in 000s 31.12.2017 |
Capital share 31.12.2017 |
Capital share 31.12.2016 |
|
United States |
|
|
|
|
|
|
|
Cowgirl Creamery Corporation |
Petaluma |
Prod. and trade |
USD |
339 |
100 % |
100 % |
|
Cypress Grove Chèvre, Inc. |
Arcata |
Prod. and trade |
USD |
202 |
100 % |
100 % |
|
Emmental Cheese Corp. |
Orangeburg |
Trade |
USD |
6 |
100 % |
100 % |
|
Emmi Holding (USA), Inc. |
Orangeburg |
Service |
USD |
1 |
100 % |
100 % |
|
Emmi Penn Yan LLC |
Penn Yan |
Production |
USD |
2,390 |
100 % |
100 % |
|
Emmi Platteville, Inc. |
Delaware |
Service |
USD |
p.m. |
100 % |
100 % |
|
Emmi Roth USA, Inc. |
Monroe |
Prod. and trade |
USD |
2 |
100 % |
100 % |
|
Emmi USA Inc. |
Orangeburg |
Trade |
USD |
800 |
100 % |
100 % |
|
Jackson-Mitchell, Inc. 5) |
Turlock |
Prod. and trade |
USD |
50 |
100 % |
– |
|
Redwood Hill Farm & Creamery, Inc. |
Sebastopol |
Prod. and trade |
USD |
p.m. |
100 % |
100 % |
|
Switzerland Cheese Marketing (USA) Inc. |
Orangeburg |
Trade |
USD |
1 |
79 % |
79 % |
|
Tomales Bay Foods, Inc. |
Petaluma |
Prod. and trade |
USD |
p.m. |
100 % |
100 % |
|
Zingg + Co. Inc. |
Orangeburg |
Trade |
USD |
1 |
100 % |
100 % |
|
Mexico |
|
|
|
|
|
|
|
Alimentos Finos del Sureste, S.A. de C.V. |
Cancun, Qroo |
Trade |
MXN |
100 |
38 % |
38 % |
|
Comalca 2000, S.A. de C.V. |
Cancun, Qroo |
Trade |
MXN |
14,960 |
38 % |
38 % |
|
Comalca Gourmet, S.A. de C.V. |
Cancun, Qroo |
Trade |
MXN |
12,623 |
38 % |
38 % |
|
Distribuidora Internacional de Lacteos, S.A. de C.V. |
Mexico City |
Trade |
MXN |
50 |
38 % |
38 % |
|
Distribuidora Mexideli, S.A. de C.V. |
Mexico City |
Service |
MXN |
100 |
51 % |
50 % |
|
Mexideli 2000 Holding S.A. de C.V. 6) |
Mexico City |
Trade |
MXN |
101,759 |
51 % |
50 % |
|
Mexideli, S.A. de C.V. |
Mexico City |
Trade |
MXN |
68,350 |
51 % |
50 % |
|
Tecnologias Narcisco, S.A. de C.V. |
Mexico City |
Trade |
MXN |
60 |
51 % |
50 % |
|
Chile |
|
|
|
|
|
|
|
Eurolac Chile, S.A. |
Santiago |
Service |
CLP |
29,020,654 |
73 % |
73 % |
|
Kaiku Internacional, S.L. Agencia en Chile |
Santiago |
Service |
CLP |
55,203 |
73 % |
73 % |
|
SDA Chile, S.A. |
Santiago |
Trade |
CLP |
798,271 |
72 % |
72 % |
|
Surlat Comercial, S.A. |
Santiago |
Trade |
CLP |
7,934,483 |
72 % |
72 % |
|
Surlat Corporación, S.A. |
Santiago |
Service |
CLP |
28,624,995 |
72 % |
72 % |
|
Surlat Industrial, S.A. |
Pitrufquen |
Production |
CLP |
20,310,389 |
72 % |
72 % |
|
Canada |
|
|
|
|
|
|
|
Emmi Canada Inc. |
Saint-Laurent |
Trade |
CAD |
30,152 |
100 % |
100 % |
|
Switzerland Cheese Marketing Inc. |
Saint-Laurent |
Trade |
CAD |
1 |
79 % |
79 % |
|
9314 — 8591 Québec Inc. |
Boucherville |
Trade |
CAD |
3,137 |
100 % |
100 % |
|
Brazil |
|
|
|
|
|
|
|
Emmi do Brasil Holding Ltda. 7) |
Sao Paulo |
Service |
BRL |
481,000 |
100 % |
– |
5) Jackson-Mitchell, Inc. was acquired on 4 January 2017.
6) The investment in Mexideli 2000 Holding S.A. de C.V. was increased from 50 % to 51 % on 8 October 2017. Therefore, the company and its subsidiaries are now fully consolidated and classified as consolidated companies.
7) Emmi do Brasil Holding Ltda. was set up on 30 May 2017.
The percentage of voting rights controlled by Emmi Group in subsidiaries of Kaiku Corporación Alimentaria, S.L., subsidiaries of SAS Emmi Ambrosi France E.A.F. and subsidiaries of Mexideli 2000 Holding S.A. de C.V. differs from the capital share since Emmi controls these subsidiaries through its control of the parent companies.
|
Associates and joint ventures |
Head office |
Function |
Currency |
Capital in 000s 31.12.2017 |
Capital share 31.12.2017 |
Capital share 31.12.2016 |
|
Switzerland |
|
|
|
|
|
|
|
BO Butter GmbH |
Berne |
Service |
CHF |
500 |
20 % |
20 % |
|
Cetra Alimentari SA |
Lugano |
Trade |
CHF |
250 |
34 % |
34 % |
|
Emmentaler Schaukäserei AG 1) |
Affoltern i.E. |
Prod. and trade |
CHF |
4,265 |
17 % |
37 % |
|
FDC Fromagerie de Courgenay SA |
Courgenay |
Service |
CHF |
990 |
25 % |
25 % |
|
Sbrinz Käse GmbH |
Sursee |
Service |
CHF |
180 |
24 % |
24 % |
|
Switzerland Cheese Marketing AG |
Berne |
Service |
CHF |
290 |
23 % |
23 % |
|
Thurgauische Käse-Reifungs AG |
Weinfelden |
Service |
CHF |
2,000 |
25 % |
25 % |
|
Vermo Tiefkühl Pool AG |
Lucerne |
Trade |
CHF |
2,500 |
35 % |
35 % |
|
Italy |
|
|
|
|
|
|
|
Ambrosi S.p.A. |
Brescia |
Prod. and trade |
EUR |
10,000 |
25 % |
25 % |
|
Sepa S.r.l. |
Pieve Porto Morone |
Prod. and trade |
EUR |
100 |
40 % |
40 % |
|
Venchiaredo S.p.A. 2) |
Ramuscello |
Prod. and trade |
EUR |
– |
– |
24 % |
|
Germany |
|
|
|
|
|
|
|
Carl Fr. Scheer GmbH + Co. KG |
Willstätt |
Trade |
EUR |
500 |
25 % |
25 % |
|
Scheer Verwaltungs u. Beteiligungs GmbH |
Willstätt |
Service |
EUR |
26 |
25 % |
25 % |
|
Spain |
|
|
|
|
|
|
|
Batiovo I.A.E. |
Madrid |
Trade |
EUR |
12 |
37 % |
37 % |
|
Serkolat Bide, S.L. |
San Sebastian |
Service |
EUR |
8 |
37 % |
37 % |
|
United States |
|
|
|
|
|
|
|
Big Red Cheese Company LLC |
Monroe |
Trade |
USD |
p.m. |
50 % |
50 % |
|
EB Snacks LLC 3) |
Delaware |
Production |
USD |
2 |
50 % |
– |
|
Emmi Meister LLC |
Fitchburg |
Production |
USD |
2 |
50 % |
50 % |
|
Kindred Creamery LLC |
Fitchburg |
Trade |
USD |
1 |
30 % |
30 % |
|
The Icelandic Milk and Skyr Corporation |
New York |
Production |
USD |
p.m. |
22 % |
22 % |
|
White Hill Cheese Company LLC |
Shullsburg |
Production |
USD |
7,000 |
50 % |
50 % |
|
Brazil |
|
|
|
|
|
|
|
Laticínios Porto Alegre Indústria e Comércio S.A. 4) |
Ponte Nova |
Prod. and trade |
BRL |
344,637 |
40 % |
– |
|
Mexico |
|
|
|
|
|
|
|
Mexideli 2000 Holding S.A. de C.V. 5) |
Mexico-City |
Trade |
MXN |
101,759 |
51 % |
50 % |
1) The investment of Emmentaler Schaukäserei AG has been below 20 % since September 2017. Therefore it is no longer accounted for using the equity method.
2) The investment of Venchiaredo S.p.A. was sold on 31 July 2017.
3) EB Snacks LLC was founded on 18 July 2017.
4) The shares of Laticínios Porto Alegre Indústria e Comércio S.A. were acquired on 3 July 2017.
5) The investment of Mexideli 2000 Holding S.A. de C.V. was increased from 50 % to 51 % on 8 October 2017. The parent company and its subsidiaries are therefore now fully consolidated and classified as consolidated companies.