ARYZTA announced it has more than doubled its manufacturing capacity in Malaysia following the acquisition of the bakery, equipment and the corresponding land of its co-manufacturer De-Luxe Food Services from ENVICTUS International Holding Limited.
The transaction will expand ARYZTA’s Asian product capability in breads, buns and pastries including new product filling capacity, which is expected to “greatly enhance” the pace of new product development and innovation, ARYZTA said. With this new, Halal-certified bakery, ARYZTA will be able to serve customers in foodservice and QSR channels in Malaysia and also expand its exports to other Asian markets. The current bakery in Bangi will be closed and sold, the company also announced.
ARYZTA AG Chair and Interim CEO, Urs Jordi, commented: “We are pleased to report on our strategic expansion in the growing Asian bakery market. This expansion is strengthening our relevant position in Food Service and QSR in this region. Our work on inflation price recovery is on track while continuing to focus on disciplined cost management to deliver improved performance.” The South-East Asian bakery market is forecast to grow by around 8% CAGR by 2026.
Photo: Skyline of Kuala Lumpur, Malaysia, featuring the Petronas twin towers (pexels.com)