CSM today announces that it has completed the acquisition of Best Brands, one
of the largest premium bakery manufacturers in the US, effective as of March 19,
2010. The acquisition of Best Brands creates the undisputed market leader in the
North American bakery supplies market. The acquisition strengthens CSMs global
leadership position in the segments and product categories that CSM has targeted
for future growth, particularly in the in-store bakery market. The agreement to
acquire Best Brands was announced in a press release on February 4th 2010. The
US antitrust waiting period has expired.
For more information, please contact:
Press: Eva Lindner, Communication Director, tel. +31 20 5906320 Analysts: Ian
Blackford, Investor Relations Manager, tel. +31 (0)20 5906349 / mobile +44
(0)7767 227506
Background information:
CSM is the largest supplier of bakery products worldwide and is global market
leader in lactic acid and lactic acid derivatives. CSM produces and distributes
an extensive range of bakery products and ingredients for artisan and industrial
bakeries and for in-store as well as out-of-home markets. It also produces a
variety of lactic acid applications for the food, chemical and pharmaceutical
industries. CSM operates in business-to-business markets throughout Europe,
North America, South America, and Asia, generates annual sales of 2.6 billion
and has a workforce of around 8,450 employees in 25 countries. CSM is listed on
Euronext Amsterdam. For more information:
www.csmglobal.com
Source:
CSM