Aryzta
 |
|
| Public | |
| Traded as | ISEQ: YZA, SIX: ARYN |
| Industry | Food |
| Founded | 1897 |
| Headquarters | Zurich, Switzerland |
| Products | Bread products |
| Revenue | €3,820.2 million (2015)[1] |
| €66.0 million (2015)[1] | |
| €532.3 million (2015)[1] | |
| Website | www.aryzta.com |
Aryzta is a food business based in Zurich with operations in the Americas, Europe, Asia, Australia and New Zealand. It is incorporated in Switzerland and has listings on the SIX Swiss Exchange (the Zurich Stock Exchange) and the Irish Stock Exchange.
Aryzta refers to itself as one of the largest frozen bakery companies in the world.[2] The Zurich-headquartered group has a leadership position in the speciality frozen bakery sector and is a global supplier of baked goods to the foodservice, retail and quick service restaurant sectors.
Aryzta became the largest bakery in the world after acquiring more bakeries in Germany and North America in the first half of 2014.
Contents
History
The company was founded as the Irish Co-Operative Agricultural Agency Society in January 1897 and renamed the Irish Agricultural Wholesale Society ('IAWS') in December 1897. It was first listed on the Irish Stock Exchange in 1988 and for most of the 1990s the company was managed by Philip Lynch, first as chief executive officer and later chairman.[3] It bought Shamrock Foods in 1989, R&H Hall in 1990 and Cuisine de France in 1997.[4] It went on to buy Delice de France in 1999, La Brea Bakery in 2001, Groupe Hubert in 2005 and Otis Spunkmeyer in 2006.[4]
In June 2007, it spun off its agribusiness activities as Origin Enterprises plc.[5] It merged with Hiestand Holding AG in August 2008 and, having changed its name to Aryzta, commenced trading on the SIX Swiss Exchange and the Irish Stock Exchange on 22 August 2008.[5]
It bought Honeytop Speciality Foods in September 2011.[6]
In 2013, it acquired Klemme AG (Klemme frozen bakery products)[7] for 280 million Euro, a German manufacturer of frozen bakery products, running 6 factories, with a strong position in German retail channels with 234 million Euro annual turnover.
It reported third-quarter revenues (for the three months to the end of April in 2013) of just over €1.37bn. This represents a year-on-year rise of nearly 17%. Group revenue for the first nine months of its financial year (which runs to the end of July) grew by just over 7%, year on year, to €3.47bn.
In 2014, Aryzta acquired 100 per cent of both Pineridge Bakery in Canada and Cloverhill Bakery in the US. The combined consideration of these acquisitions was €730 million, “with further post-acquisition investments of €70 million anticipated to support a strong growth pipeline and integration
In 2015, it acquired the Hungary-based Fornetti group which has operations in central and eastern European markets.[8]
In 2017, an immigration raid on their Chicago bakery, Cloverhill Bakery, resulted in 800 illegal immigrants losing their jobs. Aryzta claims these employees were brought in by a staffing agency which they declined to name.[9]
Aryzta operates 53 bakeries & kitchens across Europe, North American, South America, Asia, Australia and New Zealand.[10]
Products
Aryzta is known for its Delice de France range of French-style bread-based products and its higher end of Artisan Breads available from La Brea Bakery.[4] Other brands include Shamrock Foods, Cuisine de France and Hubert.[4]
References
- ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.klemme-ag.com/88.0.html
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ https://www.bloomberg.com/news/articles/2017-11-27/chicago-bakery-s-immigration-issues-plague-otis-spunkmeyer-maker
- ↑ http://www.bakeryandsnacks.com/Manufacturers/Aryzta-to-capitalize-on-frozen-bakery-and-greater-retail-exposure-with-280m-Klemme-buy
