CSM sells Bakery Supplies businesses to Rhone Capital
CSM n.v., Diemen, Netherlands, has reached an agreement with Rhone Capital, LLC, New York, to sell its Bakery Supplies businesses to Rhone for approximately $1.3 billion.
The sale involves CSM’s European Bakery Supplies and North American Bakery Supplies businesses, excluding Caravan Ingredients, as well as its international bakery supplies activities. Rhone Capital also acquires the CSM brand name. These businesses had aggregate sales of approximately $3.3 billion in 2012.