Aryzta completes $340 mln purchase of PE-backed Pineridge Bakery

Swiss food group Aryzta AG has completed its previously announced acquisition of Pineridge Bakery Inc, an Ancaster, Ontario-based bakery, manufacturer and marketer of frozen and fresh specialty baked goods. The transaction, valued at US$340 million, provided exits to U.S. private equity firm Swander Pace Capital and Canadian firm Roynat Equity Partners. Pineridge was bought by Swander Pace in 2007.

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