Press
News - Archiv
29 January 2010
EMD AG HAS NEW MEMBERS IN SWITZERLAND AND PORTUGAL
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Europe's leading associated group of independent trading
companies consolidates coverage and shareholding
structure
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With
Markant Syntrade, for the first Time a member in Switzerland
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Euromadiport Portugal becomes an independent shareholder
From the 1.1.2010 EMD AG has extended its
area of activity to Switzerland and Portugal. The backdrop
for this is the affiliation of two new member companies, who
simultaneously become shareholders of EMD AG. This increases
EMD’s presence of strong independent trading companies in 20
European countries.
Markant Syntrade: Inaugural EMD member
in Switzerland
Up to now EMD AG had its registered
office in Switzerland, since the start of the year EMD has
another active member here. Markant Syntrade is an
associated group of approximately 19 independent retailers.
The members’ cumulative turnover in 2008 reached approx. 9.6
billion Euros and thereby a market share of 10%. Together
the members in Switzerland operate approx. 30,000 outlets.
The company was established in 1993 and is a member of
Markant AG since December 2008, which also supports the EMD
members in Germany and Austria. The members include strong
local brands such as Manor, Volg, Casino, Valora, Landi,
Jumbo, Contadis, Lekkerland and Galexis.
Philippe Gruyters, Managing Director of
EMD AG commented: “EMD is gaining a strong member with
Markant Syntrade, in a very important Central European
market, where up to now we were not represented in this
manner. This brings us considerably closer to our aim of
maximum possible representation in all of Europe.”
Euromadiport Portugal becomes an
independent shareholder
Up to now EMD was already represented in
Portugal by Euromadi Ibérica SA in Spain. Since the
beginning of the year Euromadiport is now an independent
shareholder and an EMD AG member, sharing all the rights and
obligations that membership bestows on them.
Euromadiport was established in September
2006 and currently comprises 20 members with a combined
turnover of approx. 1.2 billion Euros, which corresponds to
a 9% share of the overall market. This includes important
traders in Portugal such as Grupo GCT, Unimarketing, Antonio
Teixeira Lopes & Filhos LDA and Grupo Marques.
Philippe Gruyters had this to say about
the development: “The expansion of our shareholder base to
include Euromadi Port is in line with our goal of strategic
growth. At the same time we are reinforcing our position in
the Iberian market, where in addition to Spain, Portugal is
also an essential market for EMD, and with the new
shareholder it will be in the future too.”
About EMD AG
In the Europe-wide market, with a volume of around €
1,400bn, EMD AG today has a sales potential of just under €
131bn. (According to the IGD Retail Analysis 2008, EMD AG is
the clear No. 1 in Europe).
From the very beginning its focus has been on
contracting with multinational and national manufacturers of
branded products, on joint procurement of private label
products and on developing and implementing exclusive
Eurolabels.
EMD is bound by the motto "the Power of
Partnership" in its planning and trading. The group's
strength is the commitment of its members who contribute to
joint projects their potential, their volume of goods traded
or their diligence in contracting. Based on this joint
strength EMD presents itself to the branded products
industry and to private label producers as a professional,
hard-working partner whose central coordination role is
recognised in the European trading community.
Enquiries:
Menedetter PR
Mag. Robert Bauer
Tel.: +43/1/533 23 80-19
bauer@menedetter-pr.at
EMD - THE POWER OF PARTNERSHIP
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