CSM to acquire Classic Cakes in the UK
CSM has today 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. This transaction shows CSM's commitment to strengthen its leading position, driving synergies in the supply chain and leveraging global capabilities.
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