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Corbion N.V. — M&A Activity 2011
Feb 2, 2011
3826_iss_2011-02-01_4f6eea08-9393-4eaf-8cd6-31f240510950.pdf
M&A Activity
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CSM nv Corporate Communications
Nienoord 13 1112 XE Diemen PO Box 349 1000 AH Amsterdam the Netherlands
Press Release
CSM to acquire Classic Cakes in the UK
Diemen, the Netherlands, February 1, 2011
CSM has today acquired Classic Cakes Ltd. in the UK. Classic Cakes produces a range of premium bakery products, including the growing category "one portion cakes", with annualized sales of €11.4 million in the UK. This acquisition strengthens CSM's leadership position in the market segments that it has targeted for growth, particularly the retail and foodservice channels. In addition it broadens CSM's manufacturing capabilities, enabling the company to offer customers a wider range of innovative products, whilst providing capacity for future growth in and outside the UK.
This transaction shows CSM's commitment to strengthen its leading position, driving synergies in the supply chain and leveraging global capabilities.
About Classic Cakes
Classic Cakes Limited, founded in 1987, produces a high quality range of premium sweet bakery products, servicing the foodservice and retail markets. Its product range includes flapjacks, shortbread, tray bakes and portioned multi layer cakes. The company and its facilities are based in Daventry. Classic Cakes has an annual turnover of € 11.4 million and employs some 90 people. For more information please visit: www.classiccakesltd.co.uk
For more information, please contact:
Press: Eva Lindner, Communication Director, Tel. +31 20 5906320 Analysts: Ian Blackford, Investor Relations Manager, Tel. +31 (0)20 5906349 / cell phone +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 € 3 billion and has a workforce of around 10,000 employees in 25 countries. CSM is listed on NYSE Euronext
Amsterdam.