The just-food interview - IAWS
With food firms of all sizes feeling the pinch from commodity prices, it would be easy to see the merger between bakery groups IAWS and Hiestand as a way of better absorbing rising costs. However,...
Irish food and agribusiness group IAWS is to merge with Switzerland’s Hiestand Holding to create a EUR2.7bn (US$4.3bn) baked goods company, Aryzta.
Switzerland-based baker Hiestand Group today (18 April) unveiled “strong” organic growth during the first quarter of the year, with sales rising 12.8%.
Swiss baker Hiestand has reported record sales growth for the full year, as the company benefited from both acquisitions and a strong organic performance.