Aryzta completes sale of North American business

Aryzta completes sale of North American business
Deal included La Brea, Otis Spunkmeyer and Fresh Start bakeries
about 7 hours ago
 
Swiss-Irish bakery group Aryzta said it has completed the sale of its North American business in the USA and Canada to an affiliate of US private equity firm Lindsay Goldberg.
The transaction, which had a price tag of $850 million (€706 million), has been completed early, with initial estimates putting the completion date before the end of July.
Chairman and interim chief executive of Aryzta, Urs Jordi, welcomed the early conclusion of the deal, saying it allowed management to fully focus on following through on the delivery of improved business operational performance and returning to organic growth.

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