GERMANY: Aryzta to buy baker Klemme to boost retail listings
By Dean Best | 20 February 2013
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Aryzta wants to boost business with Europe's retailers |
Swiss bakery giant Aryzta is to buy German peer Klemme in a bid to expand its business with the country's retailers.
Aryzta said the EUR280m (US$376m) deal, which remains subject to Germany's competition authorities, would make it a "leading player" in the country's "growing in-store bakery sector".
However, Aryzta also sees benefits across Europe. The company said it was "under-represented" with large retailers in the region.
The company said acquiring Klemme would make it a "leading partner manufacturer" for "well-established" European retailers in the specialist bakery category.
Klemme, which has seven bakeries that make products including ciabattas, croissants and pretzels, had sales of EUR229m in 2012, Arytza said. It did not provide a profit figure.
Click here for the full release from Aryzta.
Sectors: Bakery, Mergers & acquisitions, Private label
Companies: Aryzta
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GERMANY: Aryzta to buy baker Klemme to boost retail listings
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There is currently 1 comment on this article
Back in the days before IAWS bought Hiestand to create Aryzta, the acquisition by Hiestand of Suhr in Germany was, amongst other things, supposed to be a springboard to enter the German in-store bakery market segment. Obviously that didn't work out.
TheFoodAnalyst.com said at 4:19 pm, February 20, 2013
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