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ARYZTA North America, Los Angeles, announced a frozen cookie dough line extension at its Chaska, Minn., bakery, which produces Otis Spunkmeyer branded cookies.
Aryzta A.G. is set to ramp up its presence in North America by acquiring Canada-based Pineridge Bakery and Chicago-based Cloverhill Bakery for total consideration of approximately $1,013 million.
Canadian fast-food restaurant operator Tim Horton's Inc., Oakville, Ontario, said it sold its 50 percent interest in a Brampton, Ont., frozen bakery, Maidstone Bakeries, to joint venture Aryzta AG.
Frozen bakery and prepared foods are key growth areas for Swiss global bakery foods giant Aryzta AG, which expected by July to complete two acquisitions valued at $1.08 billion.