date:May 21, 2012
ecision to sell the bakery businesses was taken after a review of the groups strategy. The firm expects market consolidation in the bakery sector to continue and did not feel it had sufficient financial resources to participate at a competitive level, it said.
CSM claims to be the largest supplier of bakery products in the world. Its Bakery Supplies business had a combined worldwide turnover of 1.9bn last year.
In addition to the Wirral and Manchester operations, CSM also has UK production sit