32.Summary of consolidated companies, associates and joint ventures
|
Consolidated companies |
Head office |
Currency |
Capital in 000s 31.12.2019 |
Capital share 31.12.2019 |
Capital share 31.12.2018 |
|
Switzerland |
|
|
|
|
|
|
Emmi AG |
Lucerne |
CHF |
53,498 |
100 % |
100 % |
|
Baumann Käse AG |
Zollikofen |
CHF |
100 |
100 % |
100 % |
|
Emmi Finanz AG |
Lucerne |
CHF |
100 |
100 % |
100 % |
|
Emmi Fondue AG |
Langnau i.E. |
CHF |
3,000 |
100 % |
100 % |
|
Emmi Frisch-Service AG 1) |
Schlieren |
CHF |
n.a. |
– |
100 % |
|
Emmi International AG |
Lucerne |
CHF |
5,000 |
100 % |
100 % |
|
Emmi Management AG |
Lucerne |
CHF |
500 |
100 % |
100 % |
|
Emmi Schweiz AG |
Lucerne |
CHF |
5,700 |
100 % |
100 % |
|
FDS Fromagerie de Saignelégier SA |
Saignelégier |
CHF |
1,050 |
86 % |
86 % |
|
Fromco S.A. Moudon |
Moudon |
CHF |
2,100 |
60 % |
60 % |
|
Holding der Schweizerischen Milchproduzenten AG in liquidation |
Münchenbuchsee |
CHF |
100 |
100 % |
100 % |
|
Käserei Studer AG |
Hefenhofen |
CHF |
720 |
100 % |
100 % |
|
Lesa Lataria Engiadinaisa SA |
Bever |
CHF |
2,000 |
80 % |
80 % |
|
Mittelland Molkerei AG |
Suhr |
CHF |
20,000 |
100 % |
100 % |
|
Molkerei Biedermann AG |
Bischofszell |
CHF |
1,010 |
100 % |
100 % |
|
MOPRO Luzern AG |
Lucerne |
CHF |
120 |
100 % |
100 % |
|
Regio Molkerei beider Basel AG |
Frenkendorf |
CHF |
3,000 |
80 % |
80 % |
|
Emmi Dessert International SA 2) |
Lugano |
CHF |
250 |
100 % |
100 % |
|
Swissexport, Aktiengesellschaft Schweizerischer Käseexporteure |
Berne |
CHF |
100 |
79 % |
79 % |
|
Spain |
|
|
|
|
|
|
Admilac Servicios Profesionales, S.L. |
San Sebastian |
EUR |
3 |
73 % |
73 % |
|
Altamira Alimentaria, S.L. |
Renedo |
EUR |
3 |
73 % |
73 % |
|
Kaiku Corporación Alimentaria, S.L. |
San Sebastian |
EUR |
82,110 |
73 % |
73 % |
|
Kaiku Internacional, S.L. |
San Sebastian |
EUR |
61,632 |
73 % |
73 % |
|
Lácteos Caprinos S.A. |
Campillo de Arenas |
EUR |
600 |
80 % |
80 % |
|
Lácteos de Navarra, S.L. |
Pamplona |
EUR |
9,647 |
73 % |
73 % |
|
Llet Nostra Alimentaria, S.L. |
Barcelona |
EUR |
2,764 |
33 % |
33 % |
|
SDA Bilbao, S.L. |
Bilbao |
EUR |
3 |
73 % |
73 % |
|
SDA Catalunya |
Barcelona |
EUR |
3 |
53 % |
53 % |
|
SDA Guipuzcoa, S.L. |
Bilbao |
EUR |
3 |
73 % |
73 % |
|
Servicios Logisticos Jundiz, S.L. |
Vitoria |
EUR |
102 |
73 % |
73 % |
|
Kaiku Km0, S.L. |
Bilbao |
EUR |
625 |
73 % |
73 % |
|
Soc. Servicios Logísticos SDA Central, S.L. |
Bilbao |
EUR |
3 |
73 % |
73 % |
|
Tecnología y Calidad Láctea, S.L. |
San Sebastian |
EUR |
3 |
73 % |
73 % |
1) Emmi Frisch-Service AG was sold on 3 April 2019.
2) Sweet Port Services SA was renamed Emmi Dessert International SA on 30 October 2019.
|
Consolidated companies |
Head office |
Currency |
Capital in 000s 31.12.2019 |
Capital share 31.12.2019 |
Capital share 31.12.2018 |
|
Italy |
|
|
|
|
|
|
A-27 S.p.A. |
Rancio Valcuvia |
EUR |
1,000 |
100 % |
100 % |
|
Emmi Dessert Italia S.p.A. |
Milan |
EUR |
1,000 |
100 % |
100 % |
|
Emmi Holding Italia S.r.l. |
Milan |
EUR |
1,714 |
100 % |
100 % |
|
Emmi Italia S.p.A. |
Milan |
EUR |
500 |
100 % |
100 % |
|
Gelostar S.r.l. 3) |
Campogalliano |
EUR |
70 |
100 % |
– |
|
Immobiliare 5 S.r.l. 3) |
Modena |
EUR |
10 |
100 % |
– |
|
Italian Fresh Foods S.p.A. |
Lasnigo |
EUR |
202 |
100 % |
100 % |
|
Pasticceria Quadrifoglio S.r.l. 3) |
Piumazzo |
EUR |
104 |
100 % |
– |
|
Rachelli Italia S.r.l. |
Pero |
EUR |
52 |
100 % |
100 % |
|
Netherlands |
|
|
|
|
|
|
AVH dairy trade B.V. |
Bergen |
EUR |
18 |
90 % |
90 % |
|
Bettinehoeve B.V. |
Etten-Leur |
EUR |
18 |
60 % |
60 % |
|
Emmi Benelux B.V. |
Tiel |
EUR |
523 |
100 % |
100 % |
|
Emmi Finance Netherlands B.V. |
Tiel |
EUR |
p.m. |
100 % |
100 % |
|
Emmi Javelin B.V. 4) |
Tiel |
EUR |
1 |
100 % |
– |
|
Goat Milk Powder B.V. |
Etten-Leur |
EUR |
1 |
54 % |
54 % |
|
Rachelli International B.V. |
Amsterdam |
EUR |
18 |
100 % |
100 % |
|
Germany |
|
|
|
|
|
|
Emmi Deutschland GmbH |
Essen |
EUR |
75 |
100 % |
100 % |
|
Gläserne Molkerei GmbH |
Dechow |
EUR |
375 |
100 % |
100 % |
|
Gläserne Molkerei Münchehofe GmbH |
Münchehofe |
EUR |
100 |
100 % |
100 % |
|
Hofmolkerei Münchehofe GmbH |
Münchehofe |
EUR |
25 |
100 % |
100 % |
|
Molkerei Biedermann GmbH |
Constance |
EUR |
25 |
100 % |
100 % |
|
Rutz Käse GmbH in liquidation |
Constance |
EUR |
25 |
100 % |
100 % |
|
France |
|
|
|
|
|
|
Distribution Frais Disfrais SAS |
Avignon |
EUR |
192 |
85 % |
85 % |
|
EAF Immo 84 SCI |
Nice |
EUR |
270 |
85 % |
85 % |
|
Emmi France SAS 5) |
Rungis |
EUR |
– |
– |
100 % |
|
Ets Schoepfer SAS |
Avignon |
EUR |
1,252 |
85 % |
85 % |
|
SAS Emmi Ambrosi France E.A.F. |
Nice |
EUR |
3,927 |
85 % |
85 % |
|
Austria |
|
|
|
|
|
|
Emmi Österreich GmbH |
Nüziders |
EUR |
2,800 |
100 % |
100 % |
|
Hale GmbH 6) |
Wartberg |
EUR |
18 |
66 % |
– |
|
Leeb Biomilch GmbH 6) |
Wartberg |
EUR |
70 |
66 % |
– |
|
Belgium |
|
|
|
|
|
|
Emmi Belux SA |
Brussels |
EUR |
62 |
100 % |
100 % |
|
United Kingdom |
|
|
|
|
|
|
Emmi UK Limited |
London |
GBP |
4,717 |
100 % |
100 % |
|
Tunisia |
|
|
|
|
|
|
Centrale Laitière de Mahdia, S.A. |
Mahdia |
TND |
36,000 |
40 % |
40 % |
|
Société tunisienne d'engraissement des veaux S.A.R.L. |
Mahdia |
TND |
140 |
36 % |
36 % |
3) Part of Pasticceria Quadrifoglio Group. Pasticceria Quadrifoglio Group was acquired on 31 October 2019.
4) Emmi Javelin B.V. was founded on 16 December 2019.
5) Emmi France SAS was liquidated.
6) Part of Leeb Group. Leeb Group was acquired on 8 October 2019.
|
Consolidated companies |
Head office |
Currency |
Capital in 000s 31.12.2019 |
Capital share 31.12.2019 |
Capital share 31.12.2018 |
|
United States |
|
|
|
|
|
|
Cypress Grove Chèvre, Inc. |
Arcata |
USD |
202 |
100 % |
100 % |
|
Emmental Cheese Corp. |
Orangeburg |
USD |
6 |
100 % |
100 % |
|
Emmi Holding (USA), Inc. |
Orangeburg |
USD |
1 |
100 % |
100 % |
|
Emmi Penn Yan LLC 7) |
Penn Yan |
USD |
– |
– |
100 % |
|
Emmi Platteville, Inc. |
Delaware |
USD |
p.m. |
100 % |
100 % |
|
Emmi Resume LLC |
Delaware |
USD |
p.m. |
100 % |
100 % |
|
Emmi Roth USA, Inc. |
Monroe |
USD |
2 |
100 % |
100 % |
|
Emmi USA Inc. |
Orangeburg |
USD |
800 |
100 % |
100 % |
|
Jackson-Mitchell, Inc. |
Turlock |
USD |
50 |
100 % |
100 % |
|
Redwood Hill Farm & Creamery, Inc. |
Sebastopol |
USD |
p.m. |
100 % |
100 % |
|
Switzerland Cheese Marketing (USA) Inc. |
Orangeburg |
USD |
1 |
79 % |
79 % |
|
Tomales Bay Foods, Inc. |
Petaluma |
USD |
p.m. |
100 % |
100 % |
|
Zingg + Co. Inc. |
Orangeburg |
USD |
1 |
100 % |
100 % |
|
Mexico |
|
|
|
|
|
|
Alimentos Finos del Sureste, S.A. de C.V. |
Cancun, Qroo |
MXN |
100 |
40 % |
38 % |
|
Comalca 2000, S.A. de C.V. |
Cancun, Qroo |
MXN |
14,960 |
40 % |
38 % |
|
Comalca Gourmet, S.A. de C.V. |
Cancun, Qroo |
MXN |
12,623 |
40 % |
38 % |
|
Distribuidora Internacional de Lacteos, S.A. de C.V. |
Mexico City |
MXN |
50 |
40 % |
38 % |
|
Distribuidora Mexideli, S.A. de C.V. |
Mexico City |
MXN |
100 |
51 % |
51 % |
|
Mexideli 2000 Holding S.A. de C.V. |
Mexico City |
MXN |
101,759 |
51 % |
51 % |
|
Mexideli, S.A. de C.V. |
Mexico City |
MXN |
68,350 |
51 % |
51 % |
|
Tecnologias Narcisco, S.A. de C.V. |
Mexico City |
MXN |
60 |
51 % |
51 % |
|
Chile |
|
|
|
|
|
|
Eurolac Chile, S.A. |
Santiago |
CLP |
29,020,654 |
73 % |
73 % |
|
SDA Chile, S.A. |
Santiago |
CLP |
798,271 |
73 % |
72 % |
|
Surlat Comercial, S.A. |
Santiago |
CLP |
7,934,483 |
73 % |
72 % |
|
Surlat Corporación, S.A. |
Santiago |
CLP |
28,624,995 |
73 % |
72 % |
|
Surlat Industrial, S.A. |
Pitrufquen |
CLP |
20,310,389 |
73 % |
72 % |
|
Quillayes Surlat S.p.A. 8) |
Santiago |
CLP |
1,000 |
37 % |
– |
|
Brazil |
|
|
|
|
|
|
Emmi do Brasil Holding Ltda. |
Sao Paulo |
BRL |
825,000 |
100 % |
100 % |
|
Laticínios Porto Alegre Indústria e Comércio S.A. 9) |
Ponte Nova |
BRL |
460,369 |
70 % |
40 % |
|
Transportadora Porto Alegre S.A. 9) |
Ponte Nova |
BRL |
– |
– |
40 % |
|
Canada |
|
|
|
|
|
|
Emmi Canada Inc. |
Saint-Laurent |
CAD |
24,152 |
100 % |
100 % |
|
Switzerland Cheese Marketing Inc. |
Saint-Laurent |
CAD |
1 |
79 % |
79 % |
|
9314 – 8591 Québec Inc. |
Boucherville |
CAD |
3,137 |
100 % |
100 % |
7) Emmi Penn Yan LLC was liquidated.
8) Quillayes Surlat S.p.A. was founded on 23 Dezember 2019.
9) The investment in Laticínios Porto Alegre Indústria e Comércio S.A. was increased from 40 % to 70 % on 24 October 2019. Ever since, the parent company and its subsidiary Transportadora Porto Alegre S.A. have been fully consolidated and classified as consolidated companies. Transportadora Porto Alegre S.A. was merged into Laticínios Porto Alegre Indústria e Comércio S.A. on 30 December 2019.
The percentage of voting rights controlled by the Emmi Group in the subsidiaries of Kaiku Corporación Alimentaria, S.L. and the 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 |
Currency |
Capital in 000s 31.12.2019 |
Capital share 31.12.2019 |
Capital share 31.12.2018 |
|
Switzerland |
|
|
|
|
|
|
BO Butter GmbH |
Berne |
CHF |
500 |
33 % |
33 % |
|
Cetra Holding SA |
Lugano |
CHF |
250 |
34 % |
34 % |
|
FDC Fromagerie de Courgenay SA |
Courgenay |
CHF |
990 |
25 % |
25 % |
|
Sbrinz Käse GmbH |
Sursee |
CHF |
180 |
24 % |
24 % |
|
Switzerland Cheese Marketing AG |
Berne |
CHF |
290 |
23 % |
23 % |
|
Thurgauische Käse-Reifungs AG |
Weinfelden |
CHF |
2,000 |
25 % |
25 % |
|
Vermo Tiefkühl Pool AG |
Lucerne |
CHF |
2,500 |
35 % |
35 % |
|
Spain |
|
|
|
|
|
|
Batiovo I.A.E. |
Madrid |
EUR |
12 |
37 % |
37 % |
|
Natur-All BBVV-2018, S.L. 1) |
Corella |
EUR |
2,600 |
18 % |
– |
|
Serkolat Bide, S.L. |
San Sebastian |
EUR |
8 |
37 % |
37 % |
|
Italy |
|
|
|
|
|
|
Ambrosi S.p.A. |
Brescia |
EUR |
10,000 |
25 % |
25 % |
|
Sepa S.r.l. |
Pieve Porto Morone |
EUR |
100 |
40 % |
40 % |
|
Germany |
|
|
|
|
|
|
Carl Fr. Scheer GmbH + Co. KG |
Willstätt |
EUR |
500 |
25 % |
25 % |
|
Scheer Verwaltungs u. Beteiligungs GmbH |
Willstätt |
EUR |
26 |
25 % |
25 % |
|
United States |
|
|
|
|
|
|
Big Red Cheese Company LLC |
Monroe |
USD |
p.m. |
50 % |
50 % |
|
EB Snacks LLC |
Delaware |
USD |
2 |
50 % |
50 % |
|
Emmi Meister LLC |
Fitchburg |
USD |
2 |
50 % |
50 % |
|
Kindred Creamery LLC |
Fitchburg |
USD |
1 |
30 % |
30 % |
|
White Hill Cheese Company LLC |
Shullsburg |
USD |
7,000 |
50 % |
50 % |
|
Brazil |
|
|
|
|
|
|
Laticínios Porto Alegre Indústria e Comércio S.A. 2) |
Ponte Nova |
BRL |
– |
– |
40 % |
1) The investment in Natur-All BBVV-2018, S.L. was acquired on 17 June 2019.
2) The investment in Laticínios Porto Alegre Indústria e Comércio S.A. was increased from 40 % to 70 % on 24 October 2019. Ever since, the parent company and its subsidiary Transportadora Porto Alegre S.A. have been fully consolidated and classified as consolidated companies. Transportadora Porto Alegre S.A. was merged into Laticínios Porto Alegre Indústria e Comércio S.A. on 30 December 2019.