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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