The planned development includes a bakery production facility, a warehouse, and a distribution centre, according to project reports.
The proposed divestment is intended to resolve potential issues related to market concentration in the supply of frozen bakery products and pave the way for completion of one of the European bakery sector’s most significant transactions.
The milestone marks a significant step forward in decarbonizing industrial bread production.
The acquisition forms part of ARYZTA’s strategy to reinforce its presence in key European markets and improve access to premium frozen bakery products for customers in France.
The deal marks a significant expansion for the Spanish frozen dough giant into the competitive North American foodservice market, though the financial terms of the transaction were not disclosed.