Dutch bakery and ingredients group CSM has sold a unit in the US to Japan-based Fuso Chemical.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
CSM has offloaded its gluconic acid business – described as “small-scale” by the company – for around US$2.5m. Sales from the unit reached $5.7m, CSM said.
CSM is a producer of bakery products and food ingredients with annual turnover of EUR2.4bn (US$3.3bn).
