Announced
Synopsis
ARYZTA, a food group, agreed to acquire bakery, equipment and the corresponding land of De-Luxe Food Services from ENVICTUS International, an investment holding company. Financial terms were not disclosed. “We are pleased to report on our strategic expansion in the growing Asian bakery market. This expansion is strengthening our relevant position in Food Service and QSR in this region. Our work on inflation price recovery is on track while continuing to focus on disciplined cost management to deliver improved performance,” Urs Jordi, ARYZTA Chairman and Interim CEO.
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