Corbion sells frozen dough business in East Rutherford, NJ
Corbion has closed the sale of its frozen dough business (located in East Rutherford, New Jersey) to Frodo Baking Company. The new business owner is expected to hire most of the employees of the frozen dough business and will take over the operations with immediate effect.
The sale of the frozen dough business is the result of a portfolio assessment as part of Corbion’s Advance 2025 strategy, as announced in March 2020. Being the only (semi-)finished product line delivering to consumer outlets, whereas Corbion is a global leader in ingredients and strong in Bt-B markets, the frozen dough business’s fit with the new strategy was limited.