A global leader in bakery ingredients, products and services, CSM Bakery Solutions has announced for the sale of its BakeMark business to Pamplona Capital Management. CSM's President and CEO Marianne Kirkegaard affirmed “The agreed-upon sale is an important step in advancing CSM's strategy to focus on its core business in Europe and North America.”
"We have always had great appreciation for the value of the BakeMark business but this sale will help us support our goal of further strengthening our core business in Europe and North America by focusing on our value added bakery products and ingredients portfolio," they said. "Under Pamplona's ownership, BakeMark can further strengthen its strong position and reputation as the industry's supply and distribution market leader in North America."
BakeMark based in Pico Rivera, California, provides distribution services through a network of 25 distribution centers and three manufacturing facilities across the U.S. and Canada. BakeMark offers a diversified line of products, ingredients and supplies to the food industry under brands that include Westco, Trigal Dorado and BakeSense.