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Corbion N.V. — M&A Activity 2008
Oct 10, 2008
3826_iss_2008-10-09_a5513166-c53e-457a-87c3-7e96e6b3eae4.pdf
M&A Activity
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CSM nv Corporate Communications
Postbus 349 1000 AH Amsterdam
Nienoord 13 1112 XE Diemen
T 020 590 62 16
F 020 695 62 17
I www.csm.nl
Press Release
CSM SELLS ITS GLUCONATES PRODUCTION PLANT IN THE NETHERLANDS
Diemen, the Netherlands, October 9, 2008 - CSM announces the completion of the sale of the small scale gluconic acid and gluconates production plant of its subsidiary PURAC biochem in Ter Apelkanaal, the Netherlands to AVEBE. The transaction is effective per October 1, 2008.
The transaction comprises the transfer of all 68 employees. The transaction does not comprise the marketing and sales activities for gluconic acid and gluconates, which activities will be continued by PURAC.
The agreement also includes a tolling contract. AVEBE will continue to operate the gluconic acid and gluconates production plant exclusively for PURAC.
The sale of the production plant in Ter Apelkanaal, which was announced in July 2008, is part of the strategic restructuring of PURAC's manufacturing footprint, announced in September 2007.
-------------------------------------------------------------------------------------------------------------------- For more information, please contact:
Press: Sonya Richardson, Director Communications, tel. +31 (0)20 5906320 / mobile +31 (0)6 52 41 18 41 Analysts: Ian Blackford, Investor Relations Manager, tel. +31 (0)20 5906349 / mobile +44 (0)7767 227506
Background information:
CSM is the largest supplier of bakery products worldwide and is global market leader in lactic acid and lactic acid derivatives. CSM produces and distributes an extensive range of bakery products and ingredients for artisan and industrial bakeries and for in-store as well as out-of-home markets. It also produces a variety of lactic acid applications for the food, chemical and pharmaceutical industries. CSM operates in business-tobusiness markets throughout Europe, North America, South America, and Asia, generates annual sales of € 2.5 billion and has a workforce of around 8,700 employees in 24 countries. CSM is listed on Euronext Amsterdam. For more information: www.csm.nl.