ARYZTA Stock

ARYZTA AG engages in the food business in Europe, North America, and developing markets.

Segments

The company's business segments are Food Europe; Food North America; Food Developing Markets; and Origin Enterprises.

Food Europe

The Food Europe segment operates in the specialty bakery market in Switzerland, Germany, the United Kingdom, Ireland, and France. In Europe, it has a mixture of business to business and consumer brands, including Hiestand, Cuisine de France, Delice de France, and Coup de Pates. Food Europe has a customer base including convenience retail, gas stations, multiple retail, restaurants, catering, hotels, and leisure.

Hiestand offers a range of bakery products (croissants, bread, rolls, pastries, snacks, and pretzels), and services to actively promote sales. Hiestand provides added value for business to business customers.

Coup de Pates is the principal brand of Groupe Hubert, a developer and distributor of bakery products to the bakery, craft, and foodservice sectors in France. Groupe Hubert offers its customers bread, viennoiserie, patisserie, traiteur, and reception products.

Cuisine de France offers the consumer traditional French breads, pastries and also a range of continental style breads, confectionery and hot savoury items. Cuisine de France provides a bake-off solution primarily to the retail industry, as well as staff training and category management to enable the delivery of ready-to-bake products.

Delice de France supplies continental breads, viennoiserie, savoury, and confectionery products, including hospitality goods, primarily to the foodservice and catering industry.

Food North America

The Food North America segment offers freshly baked cookies and artisan bread with two principle brands, namely Otis Spunkmeyer and La Brea Bakery. Food North America has a customer base within the foodservice and retail channels.

La Brea Bakery offers an assortment of rustic breads ranging from baguettes and loaves to sandwich and dinner rolls. La Brea Bakery’s business is primarily focused on servicing the U.S. multiple retail channel.

Otis Spunkmeyer is a fresh baked goods brand in its U.S. market categories. It has a customer base of restaurants, catering (including hospitals, military, and fundraising events), hotels and leisure, and quick service restaurants.

Food Developing Markets

The Food Developing Markets segment is an embryonic business in Japan, Malaysia, and Australia. Hiestand offers a range of bakery products (croissants, bread, rolls, pastries, snacks, and pretzels), and services to actively promote sales. Hiestand provides added value for business to business customers.

Origin Enterprises

The Origin Enterprises segment is an agri-nutrition and food group. The agri-nutrition business is focused primarily in Ireland, the United Kingdom, and Poland with activities in the supply of animal feeds, fertilizer, and integrated agronomy services. Origin also operates ambient food and cereal milling businesses in Ireland.

Acquisitions

In February 2009, the company acquired Fresca SAS, which is a French based food distribution business concentrated on the Greater Paris region and serving principally the local catering and restaurant markets.

The company also completed various bolt-on acquisitions in the United Kingdom. The principal transactions are the acquisition of CSC Crop Protection Limited in April 2009 and GB Seeds Limited in June 2009. The company also acquired holdings in a Food Europe distribution business.

Significant Events

In September 2008, the company disposed of the non core U.S. based McCanns Oatmeal brand.

In February 2009, the company transferred its 100% shareholding in United Fish Industries Limited and United Fish Industries (UK) Limited for a 50% shareholding in the enlarged Welcon Invest AS business.