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CSM puts bakery supplies arm on the block to reposition as bio-ingredients firm
date:May 08, 2012
The firm will now concentrate on just two of its businesses that both supply bio-based ingredients: Caravan Ingredients and Purac.


All other businesses, which deal in European and North American bakery supplies, are up for sale.


Cant grow both


CSM communications director Saskia Nuijten toldBakeryAndSnacks.com:Both businesses[bio and bakery supplies]still have a growing market, but you really need funds to grow and CSM doesnt have the funds.


At year-end 2011, CSM had outstanding debts of

12/17 06:56