ARYZTA has developed historically through a balanced mix of organic and acquisition growth. Both organic growth and long term funding have provided ARYZTA's acquisition capital. Acquisitions continue to add value to ARYZTA's portfolio of business brands through new capital assets, new management talent and a wider technological and geographic footprint.
ARYZTA's acquisition strategy is to buy businesses and business assets that:
- Extend ARYZTA's geographic footprint
- Provide for product expansion and cross selling opportunities
- Increase penetration into focused customer channels
- Increase the capability and capacity of ARYZTA's activities
- Fit with ARYZTA's entrepreneurial culture and provide for increased depth and skills of management
- Deliver strong financial performance
ARYZTA's acquisitions are highly targeted. ARYZTA acquires companies operating in markets it is familiar with or closely allied to sectors which ARYZTA understands. ARYZTA acquires both stand-alone businesses as well as 'bolt-ons' and has financial resources to invest in acquisitions to accelerate growth. ARYZTA typically applies the following minimum financial criteria to a target:
- Turnover of greater than €50million (US$65million)
- EBITDA greater than €10milion (US$13million)
- EBIT of greater than €5million (US$6.5million)
Please see the following link for details of strategic growth investments undertaken by the Group in the past: http://www.aryzta.com/about-aryzta/history.aspx