ARYZTA North America has announced it has changed its name to Aspire Bakeries, a name reflecting the direction the company aims to continue to move – upwards. Following the sale to private equity firm Lindsay Goldberg earlier this year, the company set out to reintroduce itself with a new name while continuing to focus on growth across its three core brands: La Brea Bakery, Otis Spunkmeyer, and Oakrun Farm Bakery. 

ARYZTA has completed the disposal of the equity and assets of its North American business in the USA and Canada to an affiliate of Lindsay Goldberg LLC for $850 million.

ARYZTA announces it has signed a definitive agreement to sell 100% of the equity and assets of its North American business in the USA and Canada to an affiliate of Lindsay Goldberg LLC for a total enterprise value of $850 million in cash. The transaction is expected to complete by the end of ARYZTA’s current 2021 financial year and is subject to closing conditions customary for this type of transaction.