M&A Deal Summary

Aryzta Acquires Pineridge Bakery

On March 10, 2014, Aryzta acquired food company Pineridge Bakery from Swander Pace Capital for 340M USD

Acquisition Highlights
  • This is Aryzta’s 5th transaction in the Food sector.
  • This is Aryzta’s 3rd largest (disclosed) transaction.
  • This is Aryzta’s 1st transaction in Canada.
  • This is Aryzta’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-03-10
Target Pineridge Bakery
Sector Food
Buyer(s) Aryzta
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition
Deal Value 340M USD

Target

Pineridge Bakery

Brampton, Ontario, Canada
Pineridge Bakery, Inc. is a niche bakery, manufacturing and marketing frozen and fresh specialty baked goods produced by three subsidiaries, Oakrun Farm Bakery, Gourmet Baker, and Benevito Foods.

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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 5 of 8
Sector (Food) 5 of 7
Type (Add-on Acquisition) 5 of 8
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Cloverhill Pastry-Vend

Chicago, Illinois, United States

Cloverhill Pastry-Vend LLC is a baked goods manufacturer. Cloverhill provides pastry, cinnamon rolls, cake donuts and honey buns are acclaimed throughout the industry for their delicious taste, quality and value.

Buy -

Seller(S) 1

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.

DEAL STATS #
Overall 23 of 42
Sector (Food) 13 of 22
Type (Add-on Acquisition) 12 of 25
State (Ontario) 1 of 3
Country (Canada) 2 of 7
Year (2014) 1 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-08 Aden & Anais

Brooklyn, New York, United States

Aden & Anais is a designer and marketer of branded baby products sold primarily through independent boutique stores. Aden & Anais was formed in 2006 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 Insight Pharmaceuticals

Langhorne, Pennsylvania, United States

Insight Pharmaceuticals Corp. is a consumer products company provides consumer OTC products.

Sell $750M
Mergr

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