Aryzta buys bakery firm for €280m

The Irish-Swiss baked food group Aryzta has moved to substantially transform its European manufacturing business with the €280m acquisition of German bakery company Klemme.

The Zurich- and Dublin-based group said the deal remains consistent with its policy of targeting acquisitions “which add new geographies, customers, channels, and product capability”.

It said the deal will “greatly enhance” its channel diversification and product capability in Europe, and make it one of the continent’s leading speciality bakery partner manufacturers for established retailers.