Aryzta ready to capitalise on US market

Irish-Swiss bakery group Aryzta is uniquely positioned to capitalise on changes in the North American baked goods market, according to Davy stockbrokers.

The baked goods market in North America has changed dramatically in the last decade with the firms who once dominated the sector disappearing.

“The industry kingpins of a decade ago (Sara Lee, Interstate Bakeries, Weston, Earthgrains) no longer exist, while Bimbo (which acquired part of Sara Lee and Weston) and Flowers, have emerged as the new sector leaders,” said Davy analyst Cathal Kenny.