Aryzta keen for role in mergers

Irish-Swiss bakery group Aryzta has hinted it will likely play a part in any upcoming anticipated growth in consolidation within its sector.

The Zurich-based group — established through the 2008 merger between IAWS and Swiss group Hiestand — yesterday reported total group revenue of just over €1.1bn for the three months to the end of October, the first quarter of its current financial year.

That figure was up by 0.4% on the same period last year but, stripping out its majority interest in Dublin-based agri-services group Origin Enterprises, Aryzta’s total food revenue rose by 6.5% on a year-on-year basis to €796.3m.