22.Acquisitions
The companies acquired by Emmi in 2019 reported the following main balance sheet items at the date of acquisition:
|
|
2019 |
||
|
|
Leeb Group |
Laticínios Porto Alegre Group |
Pasticceria Quadrifoglio Group |
|
Cash and securities |
715 |
12,143 |
7,850 |
|
Trade receivables |
2,052 |
22,302 |
8,019 |
|
Inventories |
1,815 |
14,171 |
1,701 |
|
Other current assets |
735 |
20,108 |
851 |
|
Non-current assets |
4,583 |
80,721 |
9,274 |
|
Trade payables |
1,051 |
12,928 |
2,461 |
|
Other current liabilities |
4,439 |
20,719 |
6,472 |
|
Non-current liabilities |
53 |
14,036 |
2,253 |
|
Shareholders’ equity |
4,357 |
101,762 |
16,509 |
|
Balance sheet total |
9,900 |
149,445 |
27,695 |
On 8 October 2019, Emmi acquired a stake of 66 % in the Leeb Group, based in Wartberg (Austria). The companies are specialised in the production of dairy and fresh products, based on organic goat’s milk, organic sheep’s milk and organic vegan products.
On 24 October 2019, Emmi increased its stake in the Laticínios Porto Alegre Group, based in Ponte Nova (Brazil) from 40 % to 70 % and does therefore now control these companies. The Group ranks amongst the five largest dairies in its main market of Minas Gerais, with strong positions in the product categories of cheese, fresh cheese, UHT milk, butter and whey powder.
On 31 October 2019, Emmi fully acquired the Pasticceria Quadrifoglio Group, based in Piumazzo (Italy). With this acquisition, Emmi has further strengthened its existing dessert network in Italy.
In the previous year, Emmi did not acquire any companies.