Aryzta has announced it is to acquire La Rousse Foods, a premium foodservice company. The deal will be completed after approval is recieved from the Competition and Consumer Protection Aucthority.

With more than 1,300 customers in Ireland, La Rousse currently works with 168 local suppliers.

Established in 1992, it specializes in the supply of fine foods to premium food establishments such as restaurants and caterers.

This deal comes less than four months after Aryzta acquired a 49% stake in the French company Picard, which specializes in high-end frozen food.

Although shares are back 37% in the past year, shares have recovered by 8% from lows of €41.34 hit earlier this month.