BayBG invests in BMI
BayBG has invested an undisclosed amount in dairy company BMI Bayerische Milchindustrie in the form of a silent partnership.
According to the investor, BMI has survived difficulties in the past through expansion of the core business as well as cost cutting. BayBG thinks that the good market positioning of BMI's products and brands provides a good foundation for further growth.
The capital will enable BMI to strengthen its equity capital base and support a restructuring process.
Company
Established in 1952, BMI Bayerische Milchindustrie is based in Landshut. The dairy company processes about 800 million kg of milk at nine facilities. BMI employs about 800 people and generated a turnover of €420m in 2010.
People
Günther Henrich is managing director at BayBG.
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