Corporate InvestorRIA · CRD 156213SEC-RegisteredPrivate Fund Adviser

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M-Industry

M-Industry is an SEC-registered investment adviser in San Francisco, CA, registered since 2012. The firm manages approximately $9.1 billion in regulatory...

M-Industry logo

M-Industry

M-Industry is an SEC-registered investment adviser in San Francisco, CA, registered since 2012. The firm manages approximately $9.1 billion in regulatory assets. It has 31 employees and 26 investment advisers.

General information

Firm type

Corporate Investor

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Switzerland

City

San Francisco

Corporate office

Zurich, Switzerland

Principals

Dr. Eliana Zamprogna

Chief Technology Officer

Sector focus

Food & BeverageIndustrial TechConsumer Packaged GoodsManufacturingSupply Chain & Logistics

Frequently asked questions

What is the relationship between M-Industry and Migros?

M-Industry is the wholly owned industrial production arm of the Federation of Migros Cooperatives. It manufactures food, beverages, and consumer goods exclusively for Migros supermarkets. The unit does not sell to external retailers or compete as an independent manufacturer — its entire output flows into Migros's ten regional cooperatives.

Who leads technology and operations at M-Industry?

Dr. Eliana Zamprogna serves as Chief Technology Officer and is the most visible public-facing executive for M-Industry's industrial strategy. She represents the unit at international technology summits and oversees automation, digital manufacturing, and sustainability initiatives across the five production divisions.

Which production facilities does M-Industry operate?

M-Industry runs five major Swiss production sites: Estavayer Lait (ELSA) for dairy processing in Estavayer-le-Lac, Micarna for meat and protein in Courtepin, Chocolat Frey for chocolate and confectionery in Buchs, Aproz for beverages in Valais, and Bischofszell Nahrungsmittel (BINA) for prepared foods in Bischofszell. These facilities supply the entire Migros supermarket network.

How does M-Industry approach sustainability and supply chain management?

M-Industry maintains a long-standing partnership with WWF Switzerland to enforce environmental sustainability standards across its manufacturing operations. The collaboration targets supply chain transparency, responsible sourcing of agricultural inputs, and reducing the environmental footprint of its industrial production processes. This partnership is one of the most durable corporate-NGO alliances in Swiss manufacturing.

What is Migros Culture Percentage and how does it relate to M-Industry?

The Migros Culture Percentage is a philanthropic mechanism that allocates a fixed percentage of Migros cooperative revenue to Swiss arts, culture, education, and social projects. While M-Industry's production scale generates the revenue that ultimately funds this commitment, the Culture Percentage operates as a legally and structurally separate entity from the industrial unit. Engagement Migros serves as a parallel foundation focused on sustainability and innovation projects.

Does M-Industry make external investments or acquire third-party manufacturers?

M-Industry's mandate is captive industrial production for Migros retail. It does not operate as an external corporate venture arm or acquire independent manufacturers for portfolio returns. Investment is directed inward — toward automation, technology upgrades, and capacity expansion within the existing Swiss production network. The unit has not disclosed any third-party acquisitions or external corporate venturing activity.

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