Lindsay Goldberg to acquire Aryzta AG’s North American bakery assets including Otis Spunkmeyer

Private investment group Lindsay Goldberg said it has entered into a definitive agreement to acquire Aryzta North America (ANA), one of the largest B2B providers of frozen baked goods in the U.S. and Canada, from its Swiss parent Aryzta AG. The selling price is reportedly $850 million.

ANA provides breads, sweet and savory baked goods and snacks to the quick-service restaurant, foodservice and retail markets across the U.S. and Canada.

With some 1,500 unique products, the company has one of the broadest portfolios in the industry, including both private-label and branded offerings under the Otis Spunkmeyer, La Brea Bakery and Oakrun Farm Bakery brands.

ANA operates 15 state-of-the-art production facilities with over 4,000 employees in the U.S. and Canada. Lindsay Goldberg has deep familiarity and a successful history with much of the ANA business, having built and sold a predecessor to ANA in 2010.