Aryzta Sale Still on the Table

A sale of struggling European bakery Aryzta is said to be still an option to be considered, with US companies Flowers Foods and Hostess Brands reportedly among potential buyers.

The Irish Times recently reported, quoting unnamed market sources, that along with Flowers and Hostess, Japan’s Yamazaki Baking and Mexican bakery giant Grupo Bimbo may also be interested in acquiring Aryzta, which is under pressure from its two-largest shareholders to revamp the board in an effort to revitalize the business.

The Irish Times’ sources have also suggested Aryzta will not be the subject of a piecemeal sell-off of assets, an option previously touted in the investment community, and that the speculated interest is for the entire issued share capital of the company.

In July, Aryzta said it had received unsolicited interest in the business from third parties ahead of an extraordinary meeting scheduled for September 16.

Reports emerged in the media that Canada-based manufacturer and retailer George Weston was considering whether to put in a bid for Aryzta, while private-equity firms Apollo Global Management and Cerberus Capital Management were also said to be eyeing the business.

You might also like

Newsletter

Subscribe to our FREE NEWSLETTER and stay updated SUBSCRIBE

Privacy Preference Center

Strictly Necessary

These cookies are essential for websites built on Wordpress to perform their basic functions. These include those required to allow registered users to authenticate and perform account related functions.

wordpress_test_cookie, wordpress_{hash}, wordpress_logged_in_{hash}, wp-settings-{user_id}, wp_sharing_{id},gdpr[allowed_cookies],gdpr[consent_types]
_unam, _ga, _gid
OAID
__cfduid

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?