• 30. Summary of consolidated companies, associates and joint ventures

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.