CSM Bakery Solutions
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Looking behind the headlines is just-food's signature dish and this year we looked at the major stories in-depth, including the possible sui...
Dutch food and ingredients group CSM announced plans to sell off its bakery business earlier this week. The speed of the decision to offload the division may have taken industry watchers by surprise but CSM has been giving off signals that it sees its future as a bio-based ingredients company for some time. Katy Askew takes a speculative look at the interest that the sale could generate.
Dutch ingredients group CSM has confirmed it is looking at cuts above and beyond the disposals it announced in February in order to improve profitability.
"This transaction makes industrial and strategic sense." So said Leaf International CEO Bengt Baron when on Friday he announced the Swedish confectioner's plans to merge with local rival Cloetta. The initial reaction from analysts is much the same. As Sam Webb reports, industry watchers believe the combined company will benefit from the increased number of markets in which it operates and a greater ability to deal with volatile commodity costs.
just-food's exclusive partnership with the Consumer Analyst Group Europe conference last week provided us with the chance to hear how the likes of Nestle, Danone and Unilever viewed the current trading environment - and many of the companies presenting struck a somewhat cautious tone.
CSM Bakery Solutions came to life two years ago when Rhône Capital acquired the bakery supplies business of Dutch food and ingredients group CSM. At the time, Rhône Capital said it would invest in CSM's capacity to innovate and use its customer relationships to support global growth. Katy Askew spoke to CSM vice president of bakery products, Sebastian Siethoff, to find out more.
The increase in commodity costs and fall in consumer confidence seen in many Western markets last year as forced many companies to adapt - not least Dutch bakery group CSM. In the latest just-food interview, Dean Best talks to CFO Koos Kramer about how the company is shaking up its business, notably in Europe, and how it believes dealing with raw material volatility will be a constant pressure in the years ahead.
CSM Bakery Solutions has confirmed a UK production site earmarked for closure a year ago is to stay open – and will focus on producing gluten-free and "free-from" baked goods and ingredients.
CSM Bakery Solutions will shut its factory in Houston in Texas - first slated for closure in October - next month.
CSM Bakery Solutions has brushed off downgrades from credit agency Moody's, with the US bakery group insisting it is looking forward to a "successful" 2017.
CSM Bakery Solutoins and baked goods chain Cinnabon have entered a partnership to bring Cinnabon branded sweet treats to retail and foodservice channels.
CSM Bakery Solutions, the US baked goods supplier, has promoted chief commercial officer Marianne Kirkegaard to the position of president and CEO.
CSM Bakery Solutions has said it will invest "more than" EUR150m (US$170.1m) over the next two years to "optimise" business operations, moves that will result in the closure of three facilities in the US and UK.
2015 was another year of insightful interviews with a wide range of senior executives in the international food sector. Here we present the most-read interviews on just-food this year. Click on the headlines for more.
The UK debate over sugar intensified this week with Public Health England calling for a series of measures to reduce consumption. In the US, Campbell Soup Co. and The Schwan Food Co. both made pledges to simplify the ingredient panels in some of their products. In China, PepsiCo announced the opening of the first Quaker Oats plant in the country. Here is the week in quotes.
Bakery group CSM is looking to expand a plant in the US, state officials in Utah have announced.
Dairy featured heavily in our headlines last week. We interviewed Fonterra's CFO about the New Zealand giant's half-year results and plans for emerging markets. Swiss peer Emmi published its annual figures and we spoke to its international boss about its plans outside its domestic market. Meanwhile, in the UK, Greek yoghurt producer Fage won its court battle with rival Chobani over how the US firm labels its products here.
Last week, just-food grilled a number of top executives on their growth plans and strategy for the future. Fonterra CFO Jonathan Mason told how the New Zealand dairy giant is exploiting increased demand for dairy in emerging markets. The head of Emmi's international business talked about international sales targets. And Divine Chocolate's commercial director told us about how it is facing pressure on Fairtrade specialists.
Private-equity group Rhône Capital has agreed to buy CSM's bakery supplies businesses in a deal worth EUR1.05bn, the Dutch firm said today (25 March).
Bakery and ingredients group CSM has reduced the valuation of its European bakery supplies unit, one of the assets up for sale.
One-off costs have caused profits at ingredients group CSM to fall in 2012, but sales growth and better-than-expected underlying earnings saw the firm's share price jump following its results announcement.
Dutch food group CSM reported a decline in third-quarter profits today (25 October) as one-off costs hit earnings.
Shares in Dutch food group CSM closed up today (8 August) after the company reported half-year profits that beat analyst forecasts and it provided an update on the planned sale of its bakery business.
Italian food group Barilla has put German baking business, Lieken, up for sale.
Sainsbury's chief executive Justin King this week welcomed moves from its UK retail rivals to invest in product quality and service after the retailer reported an increase in annual underlying profits.
Dubbed 'The Outperformer' by one set of City analysts, Sainsbury's announced annual profits that beat forecasts last week and the UK retailer remains confident in the face of increased competition. The UK grocery industry was in the spotlight last week, with the country's Government formally announcing its introduce a watchdog to monitor the sector. Elsewhere, CSM, a supplier of bakery products to retailers in North America and Europe, said it would exit the sector and focus on bioplastics.
Dutch food group CSM has announced plans to sell off its bakery operations in Europe and North America and focus on bio-based ingredients.
Allegations of bribery at Wal-Mart Stores' Mexican arm grabbed the headlines at the start of the week, rocking the world's largest retailer. Nestle, the world's largest food manufacturer, made waves of its own with its US$11.9bn deal to buy Pfizer's baby food business. The week also saw a raft of first-quarter results and the announcement of the latest results from Unilever's Sustainable Living Plan, a programme to reduce its impact on the environment. We met Unilever CEO Paul Polman to discuss the company's progress.
Dutch ingredients group CSM said its first-quarter profits were down by more than a quarter today (24 April), as weakness at its bakery supplies unit continued to weigh on the group's results.
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