Dawn Foods acquires Icopa to strengthen position in Portuguese bakery market

PORTUGAL – Dawn Foods, an American wholesale manufacturer and distributor of breads and baked goods, is acquiring distributor of bakery products Icopa to strengthen its position in the Portuguese market.   Icopa has three distribution centers in Portugal and offers a portfolio of bakery products such as bread mixes, packaging, utensils, and decorating supplies.  Under the terms of the deal, Dawn Foods will gain access to these distribution centers, including one located directly next to its ingredient manufacturing plant in Palmela.  Dawn Foods will as a result expand its overall distribution capabilities in Europe, ensuring bakeries have access to all the products and…

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

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…

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