The Swiss-Irish baked goods group has hired Houlihan Lokey and Alantra to help it offload some of its unwanted assets, including its underperforming North American unit.
Mexican bakery giant Grupo Bimbo, Hostess Brand, Japan’s Yamazaki Baking and Flowers Foods are reportedly among those still circling as possible buyers for the beleaguered Swiss-Irish frozen baked goods group.
Feeding America estimates that an additional 17.1 million people could face hunger in the next six months because of the pandemic, increasing the urgent need for food assistance. Meanwhile, the outbreak has placed a strain on companies like Aryzta, but...
Private equity firm Swander Pace Capital has added to its growing portfolio of baked foods businesses with the acquisition of Canadian bakery Bäckerhaus Veit for an undisclosed amount.
