BakeMark acquires Multifoods to expand manufacturing footprint
BakeMark has announced that it has reached an agreement to acquire the Multifoods brand and two manufacturing facilities from CSM Bakery Solutions. The acquisition includes the Multifoods brand, product portfolio as well as CSM's two manufacturing facilities located in Elyria, OH and Spartanburg, SC. These acquisitions come within six months of BakeMark's most recent acquisition.
"Increased customer demand coupled with our strategy to grow our ingredients business created the need for these acquisitions," said BakeMark's president and CEO Jim Parker. "Adding the Multifoods brand and these manufacturing facilities will certainly help us better support our customers and industry partners and help us meet our goal of driving success for them and all our stakeholders well into the future. It's an exciting time."