Aryzta shutters Otis Spunkmeyer cookie plant

by Eric Schroeder
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EXPORT, PA. — Aryzta A.G. has closed an Otis Spunkmeyer baking facility in western Pennsylvania, eliminating about 130 jobs. Production of the cookies, muffins and other baked goods will shift to four other U.S. bakeries.

Otis Spunkmeyer opened the Export facility in 1991, and Zurich, Switzerland-based Aryzta acquired the bakery as part of its acquisition of Otis Spunkmeyer in 2006.

The plant closing comes a little more than two months after Aryzta announced plans to ramp up its presence in North America through the acquisitions of Canada-based Pineridge Bakery and U.S.-based Cloverhill Bakery for total consideration of approximately €730 million ($1,013 million). Aryzta said it plans to invest an additional €70 million in the companies after the transactions are complete to support a strong growth pipeline and integration.
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By John Doe 5/29/2014 4:40:44 PM
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