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Press Release
CSM finalized acquisition of Best Brands in the US
date Diemen, the Netherlands 19 March 2010
CSM today announces that it has completed the acquisition of Best Brands, one of the largest premium bakery manufacturers in the US, effective as of March 19, 2010. The acquisition of Best Brands creates the undisputed market leader in the North American bakery supplies market. The acquisition strengthens CSM’s global leadership position in the segments and product categories that CSM has targeted for future growth, particularly in the in-store bakery market.
The agreement to acquire Best Brands was announced in a press release on February 4th 2010. The US antitrust waiting period has expired.
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For more information, please contact:
Press: Eva Lindner, Communication Director, tel. +31 20 5906320
Analysts: Ian Blackford, Investor Relations Manager, tel. +31 (0)20 5906349 / mobile +44 (0)7767 227506
Background information:
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 € 2.6 billion and has a workforce of around 8,450 employees in 25 countries. CSM is listed on Euronext Amsterdam. For more information: www.csmglobal.com. |
