Dutch foodstuffs group CSM has said that it will buy US bakery supplies company Carpro for US$302m.

Carpro operates HC Brill, a supplier of icings, glazes, butter creams and toppings, and Caravan Products, which produces and sells bread bases and mixes and frozen dough.

CSM has said that the acquisition will contribute immediately to its earnings per share this year, reported Dow Jones Business News.