US-based bakery products supplier CSM Bakery Solutions is looking to offload its California-based BakeMark division.
CSM said it had already “separated” BakeMark from its “core business” and had started to run it as a stand-alone entity.
Go deeper with GlobalData
“This divestiture will allow us to grow our business in Europe and North America by focusing on our value-added bakery products and ingredients portfolio and allow BakeMark, under new ownership, to further strengthen their already strong capabilities and reputation as the industry’s supply and distribution market leader in North America,” CSM president and CEO Marianne Kirkegaard said.
Based in Pico Rivera, BakeMark provides distribution services through a network of 25 distribution centers in the US and Canada. BakeMark delivers a line of products, ingredients and supplies to the food industry under brands including Westco, Trigal Dorado and BakeSense.
Last month, CSM closed a factory in Texas employing some 147 staff. The company, meanwhile, confirmed a UK production site earmarked for closure a year ago is to stay open – and will focus on producing gluten-free and “free-from” baked goods and ingredients.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
