CSM has announced that it is selling its French frozen bread
operations to Neuhauser for €7.7m, a move that follows heavy
restructuring to improve efficiency of its European bakery supply
unit.
CSM's sugar beet processing plant in Hoogkerk, the Netherlands is
now fully online following the closure of the firm's Breda factory
earlier this year.
Dutch bakery ingredients firm CSM continues to focus on core
business, clearing the sale of its sugar confectionery unit Malaco
Leaf to investment companies Nordic Capital and CVC Capital
Partners.
CSM, the Dutch food ingredients company continues to shed non-core
activities, signing off its stake in natural alcohol supplier
Koninklijke Nedalco in a €24 million deal.