date:Nov 07, 2019
and will be a new addition to the bakerys nine-line footprint.
Aryzta intends to operate the new line to its full capacity and produce five days a week/24 hours a day.
Last month, Aryzta agreed to sell the majority of its stake in French frozen food firm Picard to Invest Group Zouari (IGZ).
The bakery company will divest its 43% stake in Picard for a total consideration of 156m ($171m). After the transaction, Aryzta will be left with a 4.5% stake in Picard.