CSM has reached agreement on the acquisition of Harden Fine Foods, based in the UK for � 6.4 million.
Harden Fine Foods is a successful and leading supplier of mini-bite flapjacks, brownies, and cakes to in-store bakeries in supermarkets, as well as out-of-home market segments. Harden Fine Foods operates production facilities in Bradford, Yorkshire (UK), and has 210 employees. The company has enjoyed strong growth over the last few years and sales now amount to �11 million. The management team will be staying with the company.
Gerard Hoetmer, CEO of CSM said: "The acquisition of Harden Fine Foods, along with the acquisition of Kate's Cakes in the UK last year, enforces CSM's position in the sweet treats and American style bakery products in Europe."
CSM is the largest supplier of bakery products worldwide and is global market leader in lactic acid and lactic acid derivatives. CSM produces and distributes an extensive range of bakery products and ingredients for artisan and industrial bakeries and for in-store as well as out-of-home markets. It also produces a variety of lactic acid applications for the food, chemical and pharmaceutical industries. CSM operates in business-to-business markets throughout Europe, North America, South America, and Asia, generates annual sales of � 2.5 billion and has a workforce of around 8,700 employees in 23 countries. CSM is listed on Euronext Amsterdam. For more information: www.csm.nl.