Aryzta: €300m spend on efficiency

ARYZTA, the Irish-Swiss bakery group, is to invest €100 million per annum for the next three years improving internal efficiencies.

That investment, which is due to begin in 2012, will aim to build on what has been a strong performance this year.

Yesterday, the company — which grew out of the 2008 merger between IAWS and Swiss bakery group, Hiestand — reported a 53.5% increase in revenue, to just under €2.6 billion, for the 12 months to the end of July.