Dive Brief:
Private equity firm Lindsay Goldberg is acquiring Aryzta North America, a business-to-business frozen baked goods manufacturer serving the U.S. and Canada, from parent company Aryzta AG for $850 million, the companies said in a statement.
Aryzta North America targets the quick-service restaurant, foodservice and retail markets. It offers 1,500 products under branded and private labels like Otis Spunkmeyer, Oakrun Farm Bakery and La Brea Bakery.
The parent company announced in December it would shed some of its Latin and North American businesses while simultaneously focusing on the European and Asia-Pacific markets.
Dive Insight:
Aryzta North America s sale continues what has been an active period for the bakery operator. Its recent history has been a rollercoaster complete with rumors about a potential takeover, a high debt level, falling sales and leadership changes at its parent company. Switzerland- and Ireland-based Aryzta AG’s overall business has been str
Accurate Background Prioritizes Strategic Growth and Operational Initiatives for 2021
Russ Doll Appointed as Chief Financial Officer
Dan Shoemaker Promoted to Chief Revenue Officer
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IRVINE, Calif., Jan. 27, 2021 /PRNewswire/ Accurate Background, a leading provider of compliant, background checks, drug and health screening and Form I-9 verifications, today announced the appointment of Russell ( Russ ) Doll as Chief Financial Officer (CFO) and the promotion of Dan Shoemaker to Chief Revenue Officer (CRO). Both roles report directly to CEO Tim Dowd. The executive appointments support the company s strategic plans, which include accelerating the company s growth, scaling the business to support a broader set of customers, laser focus on operational and service excellence, and strengthening financial operations.