Third acquisition in 2023: Mutares signed an agreement to acquire Gläserne Molkerei from Emmi Group
- Third acquisition of Mutares in 2023
- Leading manufacturer of pure organic dairy products in Germany
- Revenues of ca. EUR 100 million and two sites in Germany
Munich, 6 July 2023 – Mutares SE & Co KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Gläserne Molkerei from Emmi Group, marking the third successful acquisition in 2023. The closing of the transaction is expected in August 2023.
Headquartered in Dechow, Germany, the company is a leader in the production of pure organic dairy products in the north-eastern region of Germany. The wide range of products includes organic milk, butter, yoghurt, buttermilk and cheese. The company generates approx. EUR 100 million in revenues.
Gläserne Molkerei is characterised by its approach to regionality, biodiversity and sustainability throughout its value chain. By prioritising these principles, Gläserne Molkerei ensures the supply of high-quality organic dairy products to its customers, which include leading food retail and specialist chains.
Mutares plans to accelerate the sustainable growth of Gläserne Molkerei with its customers. In addition to the development of new sales channels, the diversification of the product portfolio will be crucial, as well as the competitive adjustment of the cost structure.
Johannes Laumann, CIO of Mutares, comments: “We are very pleased to announce our third acquisition in 2023 and the first in the food industry. I am confident that Gläserne Molkerei, with the support of the Mutares team, will be able to fully realize its earnings potential through revenue and efficiency improvements.”