Home » International Dairy Company Lactalis Acquiring Siggi’s Yogurt Brand
Category News Dairy Home Page Latest News National Suppliers

International Dairy Company Lactalis Acquiring Siggi’s Yogurt Brand

Altschul, siggi's

Lactalis has entered into an agreement to acquire siggi’s, a U.S.-based maker of Icelandic-style skyr yogurts with “simple ingredients, not a lot of sugar,” for an undisclosed price. 

Siggi’s was founded by Siggi Hilmarsson who, after moving to the U.S. from his native Iceland, began making yogurt in his kitchen in response to American yogurt, which he found too sweet and containing unnecessary ingredients. The recipe was based on skyr, the Icelandic-style yogurt Hilmarsson grew up eating in Iceland. With seed investment from his former professor, Hilmarsson started selling his yogurt at an outdoor market in downtown Manhattan in 2006. It is now the fastest-growing yogurt in conventional grocery, the company says, adding that it is a top-five selling yogurt brand in many mainstream grocery chains, including Stop & Shop, Meijer and Publix and recently became the No. 1 selling yogurt brand overall in Whole Foods.

Siggi’s will continue operating out of its New York City office and will remain a standalone company under its current senior leadership team, which includes its founder as CEO and Bart Adlam as president.

“We’re excited to join the Lactalis family, which offers the opportunity to further fuel our growth,” said Hilmarsson. “Our core values of clean ingredient label and less sugar will remain 100 percent unchanged. Consumers everywhere are actively trying to reduce sugar in their diets, so our offering has a global relevance.”

Adlam added, “Siggi’s topline grew 50 percent in 2017, and we expect to match this in 2018 as we launch further innovations. We are excited to keep the momentum going with support from the largest dairy player in the world.”

“We are delighted to welcome siggi’s to the Lactalis Group, which further expands our yogurt platform in the U.S., with this unique and fast-growing yogurt brand. We look forward to supporting siggi’s as it continues to bring its retail partners exceptional dollar growth in the yogurt category,” said Emmanuel Besnier, president of the Lactalis Group.

The acquisition is subject to expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in the U.S.

Founded in France more than 80 years ago by André Besnier, the Lactalis family group is the world’s largest dairy company, employing more than 75,000 people in 85 countries worldwide. Lactalis is active in all categories of the dairy market. Its brands include Président, Galbani, Parmalat, Stonyfield Farm, Bridel, Rachel’s Organic and Skånemejerier.

Keep reading:

IDDBA: Consumer Interest In Hispanic And Full-Fat Cheese Rising

Organic Valley Commits To Be Renewably Powered By 2019

Igor Gorgonzola, Norseland Strike Specialty Cheese Alliance

How Can Technology Help Independent Grocers In A Global Pandemic?

With a tremendous uptick in technology solutions in the industry, LOC Software discusses the technology trends and product innovations heading for the future in independent grocery.

Learn More

Learn how grocers of all sizes can engage Gen Z – the 67 million young people born between 1997 and 2012. Gen Z’s are the most racially and ethnically diverse of any generation.

They are the future of your business – your customers, your staff, and the influencers who will impact the buying preferences of your customers and the values of your staff.

Watch Now

Featured Photos

Featured Photo Illuminator Torch Awards, April 5
Anaheim Hilton
Anaheim, California
Share via
Copy link
Powered by Social Snap