Swiss food group Aryzta AG has completed its previously announced acquisition of Pineridge Bakery Inc, an Ancaster, Ontario-based bakery, manufacturer and marketer of frozen and fresh specialty baked goods. The transaction, valued at US$340 million, provided exits to U.S. private equity firm Swander Pace Capital and Canadian firm Roynat Equity Partners. Pineridge was bought by Swander Pace in 2007.
Announcement by ARYZTA AG regarding the completion of an acquisition
Zurich/Switzerland, 3 April 2014
ARYZTA AG advises that its acquisition of Pineridge Bakery closed yesterday, 2 April 2014 (all necessary regulatory clearances having been received).
ARYZTA AG (‘ARYZTA’) is a global food business with a leadership position in speciality bakery. ARYZTA is based in Zurich, Switzerland, with operations in North America, South America, Europe, Asia, Australia and New Zealand. ARYZTA has a primary listing on the SIX Swiss Exchange and a secondary listing on the ISE Irish Exchange (SIX: ARYN, ISE: YZA).
ARYZTA is the majority shareholder (68.1%) in Origin Enterprises plc, which has a listing on the AIM in London and the ESM in Dublin (AIM: OGN, ESM: OIZ).
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