Kirkland Helps Aryzta Snap Up 2 Food Cos. For $1.1B

Law360, New York (June 8, 2010, 6:51 PM EDT) -- Swiss food company Aryzta AG has agreed to purchase bakery products maker Fresh Start Bakeries Inc. and pizza manufacturer Great Kitchens Inc. for a total of $1.08 billion, the latest steps in its attempt to become a major global food industry player.

The price tag for Brea, Calif.-based Fresh Start was $900 million, the companies said, and the remaining $180 million was for Romeoville, Ill.-based Great Kitchens. Aryzta said Tuesday the acquisitions would be financed through the use of $940 million from existing bank facilities and...
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