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Michael Schai, chief executive officer of Aryzta AG. ZURICH, SWITZERLAND Michael Schai has been named chief executive officer of Aryzta AG, effective Jan. 1, 2025. He will succeed Urs Ernst Jordi, who has served as interim CEO since November 2020.
The group is a major supplier in the specialty frozen bakery sector, and is a global supplier of baked goods to the food service, retail and quick service restaurant sectors.
Aryzta North America, owner of Otis Spunkmeyer brands, has changed its name to Aspire Bakeries following its recent sale to private equity group Lindsay Goldberg. The former Aryzta also owns La Brea Bakery and Oakrun Farm Bakery. The new name was chosen after the company asked its 4,500 employees for suggestions.
Of that, single-asset processes were about 47 percent, Lazard found. Lindsay Goldberg wants to move Aspire Bakeries, which it acquired in 2021, into a continuation fund that would give options to LPs in the older fund.
NEW YORK--(BUSINESS WIRE)--Lindsay Goldberg, a leading private investment firm that focuses on partnering with families, founders, and management teams, announced today that affiliates of the firm have entered into a definitive agreement to acquire ARYZTA North America (ANA or the Company), one of the largest B2B
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La Brea Bakery is one of the largest sellers of artisan bread in the US. In 2001, La Brea was acquired by Aryzta AG. In 2021, Aryzta sold its interest in La Brea Bakery and its other North American brands (Aryzta North America) to Lindsay Goldberg. In May 2021, Aryzta North America was renamed to Aspire Bakeries.