IAWS/Hiestand deal should deliver the goods

THE merger of IAWS and Hiestand of Switzerland to form Aryzta, based in Switzerland, marks a significant step forward in the evolution of IAWS, which will trade for the last time today on the Irish Stock Exchange.

The merger creates a company with the potential to double its earnings over five years, provided the bottom doesn’t totally fall out of the global economy.

And even if it does, food has always been a good defensive play and in its new guise it is reasonable to assume the former IAWS will continue to deliver for investors as it has over the past 10 years.