Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced that it has acquired a number of assets from rival Aryzta as it looks to strengthen its hand in the breakfast foods space. The deal includes one of Aryzta’s Chicago Cloverhill bakery facilities (the largest individually-wrapped Danish pastry facility in North America), the Big Texas and Cloverhill brands and also supply partnerships with several key retailers of Hostess …
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Aryzta
Aryzta, the Switzerland-based frozen bakery multinational, is to close its Fricopan plant in Immekath, Saxony-Anhalt, Germany with the loss of up to 508 jobs, according to reports in the German media. Founded in 1992, Fricopan predominantly manufactures lines of French-style bread products such as baguettes, in addition to speciality breads and rolls. The firm operates in wholesale, foodservice and retail channels, including producing private label goods for retailers. Fricopan acquired …
Aryzta has increased Q1 sales by 0.4% to EUR 1.10bn (US$ 1.48bn). Aryzta, which supply retailers and food service outlets with bakery products, saw sales improve by 0.4% over the three month period to total EUR1.10.bn (US$ 1.48bn). Food sales in Europe performed particularly well, growing by 17.6% to reach EUR 377.6m (US$ 511.1mn), Just Food reports. Aryzta said the development and execution of its “customer-centric business model” underpinned “further …
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