date:May 08, 2012
The firm will now concentrate on just two of its businesses that both supply bio-based ingredients: Caravan Ingredients and Purac.
All other businesses, which deal in European and North American bakery supplies, are up for sale.
Cant grow both
CSM communications director Saskia Nuijten toldBakeryAndSnacks.com:Both businesses[bio and bakery supplies]still have a growing market, but you really need funds to grow and CSM doesnt have the funds.
At year-end 2011, CSM had outstanding debts of