Diemen, 01 February 2006 – CSM announces the sale of part of the activities of its subsidiary Unipro Nederland to Koninklijke Smilde. The transfer is effective today. The sale prize is EUR 3.6 million. The transaction involves the Unipro activities which are known under the name Jantje de Goede. De Goede produces ready-made patisserie products such as cream horns, flan and gateau bases, and Christmas wreaths.
The book profit is approximately EUR 1.5 million. The turnover from the activities is around EUR 7.5 million. All the factory workers (approximately 60) transfer to the new owner. The (field) staff remains in the employment of Unipro, which will continue to operate in the Netherlands with, amongst others, Waldkorn and Molco, in the segments which are strategically important to CSM.
Background information
CSM is a global producer and distributor of bakery products and food ingredients. CSM’s main product groups include bakery ingredients and products, lactic acid and lactic acid derivatives, and sugar. With these activities CSM has an annual turnover of EUR 2.8 billion and a workforce of approximately 8,900. CSM operates in Europe, the United States, Canada, Brazil, and Asia. More info: www.csm.nl
CSM Bakery Supplies Europe concentrates on the development, production and sale of a wide range of bakery ingredients and products for professional bakers and the bake-off market. The European market for bakery ingredients and business-to-business bakery products has an estimated value of EUR 8.5 billion. With a market share of 12% CSM Bakery Supplies Europe is regarded as the market leader in Europe with number-1 positions in Germany, Italy, the UK, and France.
Koninklijke Smilde is a food company with a long history and tradition. A family business, now run by the fourth generation, Koninklijke Smilde has been achieving continuity through profitable growth for more than 140 years. The four business units, “Bakery”, “Fridge Products”, “Margarine, Oils & Fats”, and “Animal Fats” are made up of medium-sized and large specialized companies in the Netherlands, Belgium, Germany and France and contribute equally to the turnover of around EUR 320 million. Koninklijke Smilde is headquartered in Heerenveen (the Netherlands) and has a workforce of approximately 1,200.
The Koninklijke Smilde Bakery Business Unit currently consists of Smilde Bakery (Pruvé BVand Van Welzen BV), Pruvé Produkten NV in Belgium, and Les Delices du Palais SA in France. The five product groups are patisserie, snacks, seasonal frangipane, bread, and spice cake.