Aryzta

Aryzta
Public
Traded as ISEQ: YZA, SIX: ARYN
Industry Food
Founded 1897
Headquarters Zurich, Switzerland
Key people
 Denis Lucey, (Chairman)
Owen Killian, (CEO)
Products Bread products
Revenue €3,820.2 (2015)[1]
€66.0 (2015)[1]
€532.3 (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. The 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.

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.[2] It bought Shamrock Foods in 1989, R&H Hall in 1990 and Cuisine de France in 1997.[3] It went on to buy Delice de France in 1999, La Brea Bakery in 2001, Groupe Hubert in 2005 and Otis Spunkmeyer in 2006.[3]

In June 2007, it spun off its agribusiness activities as Origin Enterprises plc.[4] 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.[4]

It bought Honeytop Speciality Foods in September 2011.[5]

In 2013, it acquired Klemme AG, a German manufacturer of frozen bakery products, for €280 million.[6]

In 2014, Aryzta acquired Pineridge Bakery in Canada and Cloverhill Bakery in the US for a total of €730 million.[7]

In 2015, it acquired the Hungary-based Fornetti group which has operations in central and eastern European markets.[8]

Operations

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.[3] Other brands include Shamrock Foods, Cuisine de France and Hubert.[3] Aryzta operates 53 bakeries & kitchens across Europe, North American, South America, Asia, Australia and New Zealand.[6] Aryzta refers to itself as one of the largest frozen bakery companies in the world.[9]

Logo of the former IAWS Group

References

  1. 1 2 3 "Annual Report 2015" (PDF). Aryzta. Retrieved 28 January 2016.
  2. ↑ "Philip Lynch does it his way". The Independent. 13 February 2005. Retrieved 22 December 2012.
  3. 1 2 3 4 "The quiet man". The Independent. 14 August 2010. Retrieved 22 December 2012.
  4. 1 2 "Aryzta may sell stake in Origin Enterprises". Irish Examiner. 27 June 2008. Retrieved 22 December 2012.
  5. ↑ "Switzerland's Aryzta buys Honeytop Speciality Foods". Food Manufacture. 26 September 2011. Retrieved 22 December 2012.
  6. 1 2 "Aryzta acquires frozen bakery firm Klemme". BakeryAndSnacks.com. Retrieved 28 January 2016.
  7. ↑ "Aryzta acquires Pineridge and Cloverhill bakeries for €730m". BakeryAndSnacks.com. Retrieved 28 January 2016.
  8. ↑ "Swiss Aryzta buys Hungarian Fornetti". Budapest Journal. 6 August 2015. Retrieved 28 January 2016.
  9. ↑ Dan Malovany (2015-01-26). "Aryzta: Behind the scenes". Food Business News. Retrieved 2015-10-05.

External links

This article is issued from Wikipedia - version of the Sunday, May 01, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.