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Aryzta buys Fornetti with 1,300 employees

Staff writer |
Swiss-Irish company Aryzta AG took over Fornetti, the largest producer of frozen bakery in Eastern Europe with over 1,300 employees in Hungary, Romania, and Bulgaria.

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In Romania, Fornetti filed for insolvency in 2011. The company managed to fulfil its obligations to the lenders, banks and partners and exit insolvency this year. The bakery chain had a turnover of EUR 23 million in Romania, in 2014.

Fornetti Romania was founded in 2001, following a partnership with Hungarian Fornetti Kft.

Aryzta, which is the largest third producer of frozen bakery in the world, wants to expand the Fornetti business from a regional to a European level.

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