CSM to Acquire Classic Cakes in the UK
CSM has 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.
CSM has 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.
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.
Source: CSM
