Aryzta completes Klemme acquisition

10 April, 2013

Aryzta has announced that the takeover of German-based bakery firm Klemme has been finalised.

Following receipt of all the necessary regulatory clearances, the Swiss-based bakery products business reported it had completed the acquisition yesterday (9 April).

Klemme, a German-based company, produces frozen bakery goods for wholesalers, hotels and the catering sector, and employs around 1,000 staff.

Aryzta revealed last month that it had sold its second hybrid bond for CHF300m (£210.6m), which the company said will be used to refinance its debts.





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