Dublin / IE. (sbp) The Irish IAWS Group PLC and Swiss Hiestand Holding are in advanced merger talks, reports the «Sunday Business Post» in Ireland. IAWS, which makes Cuisine de France, Delice de France and Coup de Pates breads and pastries in Europe and owns U.S. bakery brands Otis Spunkmeyer and La Brea in the United States, said it would issue a statement in the next days – says «Reuters». «IAWS notes weekend media comment and will make a statement on this speculation on Monday», a spokesman for Dublin-based IAWS said. At Hiestand nobody was available for a comment. IAWS already owns a 32 percent stake in Hiestand and the Sunday Business Post said a merger deal would be worth 2,5 billion EUR and create a group with combined annual sales of three billion EUR.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- SSP Group: announces Third Quarter Trading Update 2024
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy