The first eight months of the year have certainly been busy for Aryzta. In March, the group offloaded its Carrolls Cuisine business to a management-led group, before then announcing it would divest almost half its majority stake in Origin Enterprises from 68% to 29%.
And just days later, the Swiss-based producer of speciality bakery goods surprised the markets when it announced it would acquire a 49% stake in Picard, a French premium frozen food business, for €446.6m.
Deal
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And just last month, Aryzta announced it is to acquire the Irish food service group La Rouse in a private deal.
The latest acquisition made by Aryzta is Fornetti, a frozen bakery company based in Hungary.
The bolt-on acquisition will allow Aryzta to strengthen its presence in Central and Eastern Europe with a planned investment of €1m in the business over the next six months.
Fornetti is a family bakery business founded in 1997. Since then, it has grown to become one of the largest franchise suppliers of frozen bakery goods in Central and Eastern Europe with sales of more than €70m in 2014.
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The first eight months of the year have certainly been busy for Aryzta. In March, the group offloaded its Carrolls Cuisine business to a management-led group, before then announcing it would divest almost half its majority stake in Origin Enterprises from 68% to 29%.
And just days later, the Swiss-based producer of speciality bakery goods surprised the markets when it announced it would acquire a 49% stake in Picard, a French premium frozen food business, for €446.6m.
Deal
And just last month, Aryzta announced it is to acquire the Irish food service group La Rouse in a private deal.
The latest acquisition made by Aryzta is Fornetti, a frozen bakery company based in Hungary.
The bolt-on acquisition will allow Aryzta to strengthen its presence in Central and Eastern Europe with a planned investment of €1m in the business over the next six months.
Fornetti is a family bakery business founded in 1997. Since then, it has grown to become one of the largest franchise suppliers of frozen bakery goods in Central and Eastern Europe with sales of more than €70m in 2014.
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