CSM Expands US Bakery Portfolio By Acquisition Of Best Brands
Published:04-February-2010
By Staff Reporter
CSM, Bakery Supplies North America has added new member to the bakery portfolio of its US division. Best Brands of Minnetonka, Minnesota will join the entire CSM family of companies.
The transaction is subject to regulatory review and expected to be completed in March 2010.
According to the company, the acquisition of Best Brands brings unparalleled product depth to the organization while complementing the customer service commitment of CSM globally.
The company claims that combined sales of Bakery Supplies North America will be in excess of $2.3bn. Best Brands is a provider of frozen products sold to in-store bakeries, which are complimentary to CSM's HC Brill product and customer portfolio.
Bret Weaver, president of HC Brill said: "I am very excited about the prospect of Best Brands joining forces with CSM and Brill. Both organizations have a tremendous passion for the baking industry and both operate under a highly service and performance oriented culture."
