Mutares has successfully completed the acquisition of Gläserne Molkerei from Emmi Group

Mutares has successfully completed the acquisition of Gläserne Molkerei from Emmi Group

• New platform acquisition to strengthen the Retail & Food segment
• Leading manufacturer of pure organic dairy products in Germany
• Revenues of over EUR 100 million with two locations in Germany

Munich, August 14, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Gläserne Molkerei from Emmi Group. As a new platform acquisition, the company will strengthen the fourth segment Retail & Food of the Mutares portfolio, which was expanded in July 2023.

Headquartered in Dechow, Germany, the company generates over EUR 100 million in revenues and is a leader in producing pure organic dairy products in the northern region of Germany. The wide range of pure products includes organic milk, butter, yoghurt, buttermilk and cheese.

Gläserne Molkerei is characterized by its approach to regionality, biodiversity and sustainability throughout its entire value chain. By prioritizing 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 distribution channels, the diversification of the product portfolio as well as the competitive adjustment of the cost structure will be crucial.
 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm, Vienna and Warsaw, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2023, consolidated revenues of EUR 4.8 billion to EUR 5.4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net income in the holding company in the range of EUR 125 million to EUR 150 million is expected for the fiscal year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.de

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