Bakery supply and food ingredients company CSM has reached an agreement with Panavi on the sale of certain activities of its French subsidiary Délices de la Tour.

 

The deal relates to Délices de la Tour in Le Mans' production activities in Le Mans. The facility specialises in the production of beignets and crude frozen viennoiseries such as croissants and pain au chocolat.

Annual sales amount to approximately EUR25m (US$32.5m).