International bakery company Aryzta has doubled its manufacturing capacity in Malaysia by acquiring the bakery, equipment, and the corresponding land of co-manufacturer De-Luxe Food Services from Envictus International Holdings.
The option to acquire the assets was part of the original agreement with Envictus, and it doubles the company’s manufacturing capacity in breads, buns, and pastries, which will help to meet its growing customer demands in the foodservice and QSR channels in Malaysia.
Aryzta chair and interim CEO, Urs Jordi, commented: “We are pleased to report on our strategic expansion in the growing Asian bakery market. This expansion is strengthening our relevant position in Food Service and QSR in this region. Our work on inflation price recovery is on track while continuing to focus on disciplined cost management to deliver improved performance”.