Aryzta set to acquire US bread firm Pitapan

Irish-Swiss bakery giant Aryzta is set to further expand its US operations by acquiring flatbread specialist Pitapan in what is widely being viewed as a modest bolt-on buy.

While the Cuisine de France owner has not commented on the transaction, it is understood a deal is in the offing. It would be Aryzta’s first foray into the flatbread market in North America.

What is being seen as significant is Aryzta upping its capacity, in the US, via acquisition rather than build, and the suggestion Pitapan has a steady stream of new business lined up. The Chicago company employs around 100 people and has recently built a 100,000sq ft facility, tripling its production capacity.