CSM takes over American bakery firm
Bakery products group CSM is taking over American peer Best Brands for $510m (€370m) in cash, the company said on Friday.
The acquisition makes CSM ‘undisputed market leader in the North American bakery supplies market with total sales in excess of $2.3 bn,’ the Dutch firm said in a statement.
The US firm produces frozen pies, bread and pastry and has a workforce of over 1,600.
CSM said in August it had a war chest of up to €300m to finance acquisitions.
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