M&A Deal Summary

Aryzta Acquires FSB Global Holdings - Fresh Start Bakeries

On August 7, 2010, Aryzta acquired food company FSB Global Holdings - Fresh Start Bakeries from Lindsay Goldberg for 900M USD

Acquisition Highlights
  • This is Aryzta’s 3rd transaction in the Food sector.
  • This is Aryzta’s largest (disclosed) transaction.
  • This is Aryzta’s 3rd transaction in the United States.
  • This is Aryzta’s 2nd transaction in California.

M&A Deal Summary

Date 2010-08-07
Target FSB Global Holdings - Fresh Start Bakeries
Sector Food
Buyer(s) Aryzta
Sellers(s) Lindsay Goldberg
Deal Type Add-on Acquisition
Deal Value 900M USD

Target

FSB Global Holdings - Fresh Start Bakeries

Brea, California, United States
Fresh Start Bakeries is one of the largest global suppliers of baked goods to the foodservice and retail markets. With bakery divisions on 5 continents and in 11 countries worldwide, our many locations supply virtually every segment of the food industry with the finest traditional and specialty bakery items available.

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Buyer(S) 1

Buyer

Aryzta

Schlieren, Switzerland

Category Company
Founded 1897
Sector Food
Employees8,168
Revenue 2.1B EUR (2023)
DESCRIPTION

Aryzta offers a range of baked sweet and savory goods comprising breads, buns and rolls, muffins, frozen cookie dough, laminated dough, donuts, continental pastries, sweet and savory reception goods, and various savory pizzas and tarts, as well as a range of specialty bakery products. Aryzta was incorporated in 1897 and is headquartered in Schlieren, Switzerland.


DEAL STATS #
Overall 3 of 8
Sector (Food) 3 of 7
Type (Add-on Acquisition) 3 of 8
State (California) 2 of 2
Country (United States) 3 of 4
Year (2010) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-14 Great Kitchens

Romeoville, Illinois, United States

Great Kitchens is a manufacturer of private label and branded take-and-bake and frozen pizza, flatbreads, and calzones. Great Kitchens was founded in 1976 and is based in Romeoville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 Klemme AG

Lutherstadt Eisleben, Germany

Klemme AG is a producer of frozen bakery products.

Buy €280M

Seller(S) 1

SELLER

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 8 of 40
Sector (Food) 2 of 3
Type (Add-on Acquisition) 2 of 12
State (California) 2 of 2
Country (United States) 6 of 31
Year (2010) 2 of 2
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-30 PSC Environmental Services

Houston, Texas, United States

PSC Environmental Services LLC a provider of industrial cleaning, hazardous waste management and reverse logistics services in the United States. Over its 40 year history, PSC, LLC has built a reputation for integrity, safety and environmental compliance, technological innovation and high quality customer service.  With a nationwide network of locations supported by more than 3,500 employees, PSC, LLC services the retail, refining, petrochemical, utility, pulp and paper, academic, and pharmaceutical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Aviv REIT

Chicago, Illinois, United States

Aviv REIT, Inc. is a real estate investment trust that specializes in owning post-acute and long-term care SNFs and other healthcare properties.

Buy -