Siggi's is wholly owned by Lactalis Group, the world's largest private dairy company, based in France. Lactalis acquired siggi's in January 2018 for an undisclosed price. At the time, siggi's had $147 million in annual sales.

Is Siggi's publicly traded?

No. Siggi's is a private brand owned by Lactalis Group, which is itself a private company owned by the Besnier family of France. Neither siggi's nor Lactalis is publicly traded.

When was Siggi's founded?

Siggi's was founded in 2005 by Siggi Hilmarsson, an Icelandic entrepreneur who moved to New York City to attend Columbia Business School. He began making skyr in his apartment using a traditional Icelandic recipe from his mother.

Skyr is a traditional Icelandic dairy product that dates back over a thousand years. It is made by heating milk, adding cultures, and straining extensively to remove liquid. The result is a thick, creamy product high in protein and naturally low in sugar. Authentic skyr requires approximately four times the milk of conventional yogurt.

How much did Lactalis pay for Siggi's?

The acquisition price was not disclosed. At the time of the acquisition in January 2018, siggi's had $147 million in annual sales and was one of the fastest-growing yogurt brands in the US.

What is Siggi's 2025 performance?

In 2025, siggi's delivered close to 30% growth, with strong performances in the United States, Canada, and France. Lactalis highlighted siggi's as one of its strongest-performing brands in its 2025 activity report.

What products does Siggi's make?

Siggi's makes Icelandic-style skyr yogurt in various formats: cups (5.3oz and larger), drinkable skyr, tubes, Protein Packs (on-the-go pouches), plant-based coconut skyr, and rich & creamy skyr. Flavors include plain, vanilla, strawberry, blueberry, peach, mango, and seasonal varieties.

Where is Siggi's available?

Siggi's is available in the United States, Canada, France, Belgium, Australia, and the UK (launched 2025 at Morrisons supermarkets). In the US, siggi's is sold at Whole Foods Market, Target, Stop & Shop, Meijer, Publix, and other major grocery chains.

Food & Beverage

Who Owns Siggi's?

Siggi's is a US-based Icelandic-style skyr yogurt brand owned by Lactalis Group, the world's largest private dairy company. Founded in 2005 by Icelandic entrepreneur Siggi Hilmarsson in New York City, siggi's was acquired by Lactalis in January 2018 for an undisclosed sum (with $147 million in annual sales at the time). In 2025, siggi's delivered close to 30% growth, with strong performances in Canada, the United States, and France. The brand is part of Lactalis's Midwest Yogurt division alongside Yoplait, Go-Gurt, Oui, and :ratio. Lactalis reported €31.2 billion in revenue in 2025 and employs approximately 90,000 people globally.

Parent Company

Lactalis Group

Acquired

2018

Status

Private

Headquarters

New York, New York, USA

Siggi's Timeline

1933

Lactalis Group

Parent company established in Laval, Mayenne, France

Company Founded

2005

Siggi's

Founded by Siggi Hilmarsson

Founded

2018

Acquired by Lactalis Group

Lactalis Group acquired Siggi's

Acquired

premiumus skyr leaderUnited Statesall-consumerssimple ingredientsno artificial additivesOfficial Website

Who Owns Siggi's?

Parent Company: Lactalis Group
Ownership Type: Wholly owned
Acquisition Year: 2018
Company Type: Privately Held
Stock Ticker: N/A: N/A

Brand	Parent Company	Ownership Type
Siggi's	Lactalis Group	Wholly owned

Where to Buy

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Siggi's on Amazon

History of Siggi's

Founded: 2005
Founders: Siggi Hilmarsson
Acquired by Lactalis Group: 2018

Siggi Hilmarsson was born in Iceland around 1976. He moved to the United States in 2002 to attend Columbia Business School in New York. Struck by how much sugar was in American yogurt compared to the skyr he grew up eating in Iceland, he began making his own skyr in his New York apartment using a 1913 recipe his mother found at a library in Reykjavík.

Hilmarsson received initial investment from his Columbia professor Michael van Biema, and later from friends and family. He began making yogurt full-time at a test dairy plant at Morrisville State College in Upstate New York. His first bulk order went on sale at Murray's Cheese in Greenwich Village, New York.

In 2005, Hilmarsson quit his consulting job at Deloitte to focus on siggi's full-time. In 2006, he was selling yogurt at a local farmers' market in New York. A chance donation to a Long Island retreat led to contact with a Whole Foods Market executive. In January 2008, siggi's launched in half of all Whole Foods stores across the US, an unusually broad rollout for a new brand.

During summer 2008, rapid demand outpaced production capabilities. Hilmarsson had to shut down the plant for three to four months to rebuild, nearly bankrupting the company. By 2010, the company had nine employees and approximately 350 cows from six family farms. By 2011, it was producing 100,000 six-ounce cups of yogurt per week.

In 2012 and 2013, Swiss dairy company Emmi acquired a 22% stake in siggi's and served as a contract manufacturer. By 2015, siggi's was the fastest-growing yogurt brand in the US. The company transitioned to a larger plant and added a backup manufacturing facility in Wisconsin.

By 2017, siggi's had become a top-five selling yogurt brand in mainstream grocery chains including Stop & Shop, Meijer, and Publix, and the top-selling yogurt brand overall in Whole Foods. Revenue grew 50% in 2017.

In January 2018, Lactalis acquired siggi's for an undisclosed price. Emmi sold its 22% stake as part of the deal. Siggi's continued to operate as a standalone company under Hilmarsson's leadership.

In 2025, siggi's delivered close to 30% growth, with strong performances in the US, Canada, and France. The brand expanded to the UK market with skyr products manufactured in France, available at Morrisons supermarkets. Lactalis's 2025 activity report highlighted siggi's as one of the group's strongest-performing brands.

About Lactalis Group

What does Lactalis own?
Lactalis owns hundreds of dairy brands across 50 countries. Major brands include President (cheese), Galbani (Italian cheese and dairy), Parmalat (milk and dairy), Stonyfield and Siggi's (U.S. yogurt), Yoplait (licensed from Sodiaal International), Lactel (milk), Bridel (cheese), Itambe (Brazilian dairy), and the Fonterra consumer brands including Anchor, Mainland, and Perfect Italiano. The company also owns dairy ingredients and specialized nutrition businesses.

Is Lactalis publicly traded?
No, Lactalis Group is not publicly traded. The Besnier family privately owns the company through a network of holding companies. Emmanuel Besnier, the founder's grandson, serves as Chairman and CEO. The company publishes annual results but is not required to file detailed public financial disclosures.

Who founded Lactalis?
Lactalis was founded in 1933 by Andre Besnier in Laval, in the Mayenne department of western France. Besnier started with a single cheese-making operation producing Camembert. The company remained a regional French cheese producer for its first three decades before expanding internationally.

Where is Lactalis headquartered?
Lactalis is headquartered in Laval, Mayenne, France. The city in western France has been the company's base since its founding in 1933. Lactalis maintains its global headquarters there while operating approximately 270 production sites across 50 countries.

How many brands does Lactalis own?
Lactalis owns hundreds of dairy brands across 50 countries. The exact count is not publicly disclosed, but the portfolio includes global brands such as President, Galbani, and Parmalat, alongside dozens of regional and local brands. The company's strategy is to maintain local brands rather than consolidating under a single global label.

Who owns Lactalis?
Lactalis is privately owned by the Besnier family, descendants of founder Andre Besnier. Emmanuel Besnier (the founder's grandson) serves as Chairman and CEO. His brothers Jean-Michel and Denis Besnier also hold leadership positions. The family controls the company through holding companies and maintains full strategic control.

What was the Fonterra acquisition?
In April 2026, Lactalis finalized the acquisition of Fonterra's consumer and associated businesses for NZ$5.6 billion (approximately 2.85 billion euros). The deal included brands such as Mainland, Anchor, Perfect Italiano, and Western Star, along with 16 manufacturing facilities in Australia, New Zealand, Sri Lanka, Malaysia, Indonesia, and Saudi Arabia. The acquisition added 4,300 employees to Lactalis.

Founded: 1933
Headquarters: Laval, Mayenne, France
Company Type: Privately Held
Stock: N/A: N/A
Revenue: EUR 31.2 billion (FY2025)
Employees: approximately 90,000

Visit Lactalis Group website

View full company profile for Lactalis Group

Where Is Siggi's Made / Based?

Headquarters: New York, New York, USA

Siggi's Categories & Tags

Yogurt Skyr Icelandic Low Sugar Dairy

Siggi's Sustainability & Ethics

Siggi's operates under Lactalis Group's sustainability framework. The brand's core positioning around simple ingredients and low sugar aligns with consumer demand for natural, minimally processed foods.

Simple Ingredients: Siggi's products contain no artificial sweeteners, no artificial colors, no gelatin, and no preservatives. The brand uses real fruit and natural ingredients, positioning itself as a cleaner alternative to conventional yogurts.

Low Sugar: Siggi's emphasizes significantly lower sugar content than conventional yogurts, with approximately 30% less sugar than other flavored yogurts. This aligns with growing consumer awareness of added sugar in processed foods.

No Artificial Additives: All siggi's products are free from artificial flavorings, colorings, sweeteners, and preservatives, meeting consumer demand for "clean label" products.

Lactalis Sustainability: As part of Lactalis Group, siggi's benefits from the company's sustainability initiatives, including investments in sustainable dairy farming, environmental stewardship, and responsible sourcing across its global supply chain.

Awards & Recognition

Fastest-Growing Yogurt Brand (2015): Siggi's was the fastest-growing yogurt brand in the US by 2015
Top-Selling Brand at Whole Foods (2017): Siggi's became the top-selling yogurt brand overall in Whole Foods Market
Top-Five in Mainstream Grocery: Top-five selling yogurt brand in chains including Stop & Shop, Meijer, and Publix
30% Growth in 2025: Highlighted by Lactalis as one of its strongest-performing brands in 2025, with close to 30% growth across the US, Canada, and France
UK Market Launch (2025): Successfully launched in the UK at Morrisons supermarkets with skyr manufactured in France

Siggi's Recalls & Controversies

2008 Production Crisis: During summer 2008, rapid demand outpaced siggi's production capabilities. The company had to shut down its plant for three to four months to rebuild, nearly going bankrupt. This was a critical early challenge for the brand.

Lactalis 2023 Listeria Recall (Parent Company): In 2023, Lactalis's subsidiary Criveller was involved in a cheese recall due to potential listeria contamination. While this did not directly involve siggi's products, it affected the parent company's reputation.

Premium Pricing Concerns: Siggi's premium price point compared to conventional yogurts has been a topic of consumer discussion, though the brand's positioning around quality ingredients and high protein content justifies the premium for its target market.

Competition from Icelandic Provisions: Siggi's faces competition from Icelandic Provisions, another skyr brand with ties to Iceland's oldest dairy cooperative, creating competitive pressure in the skyr category.

Siggi's Ownership: Pros & Cons

Advantages

+Close to 30% growth in 2025, one of Lactalis's strongest-performing brands
+Backing of Lactalis Group (€31.2 billion revenue, 90,000 employees)
+Part of Midwest Yogurt division alongside Yoplait, Stonyfield, and other major brands
+US market leader in skyr and Icelandic-style yogurt category
+Expansion into new markets: UK (2025), Canada, France, Belgium, Australia
+Strong brand positioning around simple ingredients and low sugar
+Founder Siggi Hilmarsson still involved as chairman

Considerations

-Parent company Lactalis is private, limiting financial transparency
-Premium price point compared to conventional yogurt brands
-Competition from other skyr brands (Iceland Provisions, Skyr.is) and Greek yogurt
-Limited flavor variety compared to larger yogurt brands
-Dependency on Lactalis's corporate strategy and resource allocation
-Smaller brand within Lactalis's vast portfolio of dairy brands

Frequently Asked Questions About Siggi's

Sources & Further Reading

Competitors to Siggi's

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

Brand	Parent Company	Country	Founded	Market Position	Primary Market	Gender Target
Activia	Danone	France	1987	Mass market	Global	All Genders
Dannon	Danone	USA	1942	Mass market	United states	All Genders
Fage	Fage	USA (US operations) / Luxembourg (holding)	1926	Premium authentic-greek-yogurt	Global	All-consumers
Oikos	Danone	France	2011	Mass market	United states	All Genders
Yoplait	General Mills	USA (General Mills)	1965	Mass market	Global	All Genders
StonyfieldSister Brand	Lactalis	USA	1983	Premium	United states	All Genders