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Aryzta sells Switzerland sandwich assets as Dawn Foods snaps up Polish food ingredients supplier Jabex

Apr 6, 2021Apr 6, 2021 Editor

EUROPE – Cash-strapped specialty food company, Aryzta has announced the sale of its sandwich production business in Switzerland to Bell Food Group subsidiary, Hilcona for an undisclosed sum. The sale comes one month after the Zurich-based food company signed an agreement to sell its North American business to an affiliate of US private equity firm Lindsay Goldberg for US$850 million, as part of its efforts to reduce debt. As part of the deal, Hilcona will acquire Aryzta’s production premises located in Schlieren and will take on around 25 employees. Aryzta…

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

Mar 16, 2021Mar 16, 2021 Editor

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…

Cash strapped European bakery business Aryzta to sale remaining stake in Picard for US$29m

Jan 5, 2021Jan 5, 2021 Editor

SWITZERLAND – Zurich- based European bakery company Aryzta has reached an agreement with Lion Capital and Invest Group Zouari (IGZ) to sell its remaining 4.64% stake in Picard for around €24 million (about US$29.4 million). Picard Surgelés is a French food company specializing in the manufacture and retail distribution of frozen products. The company which was founded in 1906 operates over 900 stores in France and produces about 700 different products, which are sold exclusively under the Picard brand. Until 2019, Aryzta was a major shareholder in the business, controlling…