date:Feb 21, 2013
ce customers. The timing is important in the context of the ATI (Aryzta Transformation Initiative) program and rollout of SAP in Europe.
Klemme had revenue of 229 million in the year ended Dec. 31, 2012. According to Aryzta, Klemmes margins are comparable to the existing Aryzta Food Groups margins and the acquisition is expected to provide earnings accretion of about 15c in a full year.
The transaction is subject to clearance from the German Federal Cartel Office.