CSM to further restructure US BakeMark
CSM reported that its Bakery Supplies North America Division is optimizing its supply chain and plans to close 3 of its 19 production sites.
13/07/05 Dutch sugar and bakery ingredients giant, CSM has announced even further restructuring. CSM reported that its Bakery Supplies North America Division is optimizing its supply chain and plans to close 3 of its 19 production sites.
In H.C. Brill, frozen products production in the Atlanta area will be consolidated in the main frozen facility in Tucker/Atlanta. The Bibb Street facility (H.C. Brill) in Atlanta will be closed. The majority of the workforce will be relocated to the new facility. Also, the cookie production from the Oak Creek (Baker & Baker) facility in Wisconsin will be transferred to the Atlanta plant.
In BakeMark USA, the production plants in Union City (fillings and powdered sugar) and the Seattle plant (dry mixes) will be closed. The production of aforementioned product range will be transferred to Pico Rivera (Los Angeles).
In total, approximately 30 jobs are affected by these production relocations. CSM expects the closures and transfers of production to be completed in January 2006. The expected closure cost of approximately $3.0M will be charged against the 2005 results.
CSM announced at the end of June that its PURAC Nederland subsidiary, which produces lactic acid, lactic acid derivatives, and gluconates anticipates the loss of approximately 65 jobs out of a current 380. The intended restructuring particularly affects the production and support services of PURAC biochem (Gorinchem) and PURAC glucochem (Ter Apelkanaal).
