Announced
Completed
Financials
Tags
Single Bidder
Food Products
Private
Private Equity
United Kingdom
Friendly
food ingredients
Majority
Acquisition
Disposal
Domestic
Completed
Synopsis
Private equity firm Investindustrial completed the acquisition of the ingredients business of Rhone Capital-backed CSM Bakery Solutions, a supplier of bakery ingredients, frozen and ambient bakery products, for $1bn. "CSM Ingredients is a leading player across Europe, with a growing international presence, over 400 salespeople and strong coverage of the region. This is a unique opportunity to become a long-term owner of a sizeable panEuropean platform in the stable but still fragmented food ingredients sector. It is an ideal platform from which to pursue M&A-led growth and organically diversify further into higher value add ingredients and higher growth regions, including Italy and China," Andrea C. Bonomi, Investindustrial Chairman of Industrial Advisory Board.
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