Dawn Foods Acquires Unifine Food & Bake Ingredients

March 31, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Dawn Foods, Jackson, Mich., and Royal Cosun, Breda, The Netherlands, acquired Unifine Food & Bake Ingredients business, also in The Netherlands.
 
Unifine is one of the leading European specialists in developing, producing and supplying value-added pastry ingredients. This intended transaction includes all seven Unifine manufacturing sites, 10 sales offices in Europe and the Sucrea, Fruibel, Caullet and Dethmers brands.

Unifine Group is an excellent fit as a strategic product platform for Dawn Foods, says Carrie Jones-Barber, chief executive officer, as well as its alignment with geographic market priorities and the many talented Unifine team members, all of which are highly complementary to Dawn’s global footprint. “The deep commitment to customer service and product quality that Dawn and Unifine share will help ensure the continued success of both organizations,” Jones-Barber says.

“We decided to divest our fine bakery operations as these do not fit in our core strategic focus, which is on the processing of arable crops,” says Robert Smith, president and CEO of Royal Cosun. “Based on the strong growth over the past 10 years and attractive growth prospects, Cosun is confident that Unifine is now ready to take the next step in its evolution as a part of a strategic world player.”
 
The intended acquisition provided significant benefits to both Dawn and Unifine, says Laurence Saul president of global commercial and international for Dawn Foods. “This intended acquisition provides our team members, customers, joint venture partners and suppliers with global market access through the Dawn Foods family network. We are confident that the intended sale of Unifine to Dawn will provide the business a new perspective by combining expertise and customer knowledge to enable long-term growth opportunities.”

The intended transaction is subject to the approval of the relevant competition authorities and completion of the consultation procedures with the relevant works councils and the trade unions in accordance with the SER Merger Code. The transaction is said to be concluded in the second quarter of 2011.
 

Did you enjoy this article? Click here to subscribe to Snack Food & Wholesale Bakery Magazine 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014: State of the Industry Reports

Our State of the Industry Report images on the Snack Market are here.

11/7/13 2:00 pm EST

Food Plant of the Future: The Future of Wastewater Management

Available On-Demand Effective management of wastewater is becoming increasingly critical to food and beverage processors as the cost for incoming water increases...

Snack Food & Wholesale Bakery Magazine

Cover Image

2014 July

July's issue of Snack Food & Wholesale Bakery features a special look at the chips market and industry, as well as an Editor's Note on snacking substantially.

Table Of Contents Subscribe

Mintel Research

New Mintel research reveals that sales of frozen and refrigerated cakes and pies declined 2009-14. Which do you prefer:
View Results Poll Archive

THE SNACK AND BAKERY STORE

organic-production-&-food-q.gif
Organic Production and Food Quality: A Down to Earth Analysis

Effects of Organic Production on Food Quality is the first comprehensive book on how organic production methods influence the safety and quality of foods, based on an unbiased assessment of the latest scientific findings.  The title is a 'must-have' for everyone working within the food industry.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

The Weekly Mix

Operations Weekly Logo

Written by Snack Food & Wholesale Bakery editors, our Operations Weekly weekly enewsletter provides bakers and snack food manufacturers with up-to-the-minute news, ideas and industry trends.

Sign up today!

STAY CONNECTED

Facebook IconTwitter IconYoutube IconLinkedIn Icon