date:Mar 11, 2014
Aryzta A.G. is set to ramp up its presence in North America with the announcement it has agreed to acquire Canada-based Pineridge Bakery and U.S.-based Cloverhill Bakery for total consideration of approximately 730 million ($1,013 million). Aryzta said it plans to invest an additional 70 million in the companies after the transactions are complete to support a strong growth pipeline and integration.
The two companies had combined revenues of about 400 million ($555 million) in 2013 with double-