Aryzta finalizes strategic German takeover
![The Klemme buy was cleared on April 9](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_small/3/5/2/8/2248253-1-eng-GB/Aryzta-finalizes-strategic-German-takeover.jpg)
All regulatory clearances have been received and were cleared on April 9.
The buy is set to enable Aryzta to capitalize on the growth in frozen bakery across Europe – a sector that grew an estimated 4% in 2011 and pulled in sales totalling $1.5bn, according to Euromonitor International.
It will also provide a stepping stone to move into big retail given increased exposure to large German supermarkets, Aryzta said.