Swiss bakery company Aryzta to sell North American unit for US$850m

US-Swiss food company Aryzta Group has signed an agreement to sell its North American business to an affiliate of US private equity firm Lindsay Goldberg for US$850 million. Aryzta North America (ANA) provides breads, sweet and savory baked goods, and snacks to leading customers in the quick-service restaurant, foodservice, and retail markets across the U.S. and Canada. With over 1,500 unique products, the Company has one of the broadest portfolios in the industry, including both private label and branded offerings under the Otis Spunkmeyer, La Brea Bakery, and Oakrun Farm…

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Organisational evolution in Aryzta North America as company names new CEO & CCO

USA – Aryzta North America has appointed Tyson Yu as the company’s new Chief Executive Officer and John Heffernan as President and Chief Commercial Officer (CCO) North America effective 1 February, 2020. Tyson Yu will also serve as a member of the Group Executive Committee, reporting to Kevin Toland, Group CEO, while John Heffernan will be reporting to Tyson Yu. As part of a planned organisational evolution, the company also announced that Dave Johnson will assume the role of Non-Executive Chairman of Aryzta North America. Tyson Yu is currently Chief…

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