Emmi AG (SWX:EMMN) agreed to acquire 80% stake in Lácteos Caprinos S.A. from Pedro Mantilla and Francisco Sainz on December 22, 2016. Upon completion of the transaction, Pedro Mantilla and Francisco Sainz will hold the remaining 20% stake in the Lácteos Caprinos. Lácteos Caprinos reported annual sales of approximately €13 million. Following the transaction, Pedro Mantilla and Francisco Sainz will continue in their current roles with Pedro Mantilla as Managing Director and Francisco Sainz as Chief Operation Officer with a focus on production and milk procurement. The transaction is scheduled to close in January 2017. Emmi AG (SWX:EMMN) completed the acquisition of 80% stake in Lácteos Caprinos S.A. from Pedro Mantilla and Francisco Sainz on January 12, 2017.