CSM to close Nordic bakery office
The close of the sales office in Finland is in line with earlier announcements on CSM’s intentions to strengthen its strategic core activities in bakery products and food ingredients.
13/06/05 Dutch bakery products and food ingredients distributor CSM is offloading more of its bakery division. CSM has announced that it will close the BakeMark sales office in Finland as part of its restructuring of the Bakery Supplies activities in the Nordic area. A substantial part of the business activities will be transferred to and continued by Raisio Nutrition Ltd, a Finnish food company.
BakeMark's sales in Finland were approximately EUR 5 million. CSM says that it is aiming to improve its profitability through Restructuring, Divestment and Growth. The close of the sales office in Finland is in line with earlier announcements on CSM’s intentions to strengthen its strategic core activities in bakery products and food ingredients.
CSM Bakery Supplies Europe concentrates on the development, production and sale of a wide range of bakery ingredients and products for professional bakers and the bake-off market. The European market for bakery ingredients and business-to-business bakery products has an estimated value of EUR 8.5 billion. With a market share of 12% CSM Bakery Supplies Europe is regarded as the market leader in Europe with number-1 positions in Germany, Italy, the UK, and France.
