CSM Bakery Solutions to sell BakeMark business
BakeMark is a wholly owned CSM subsidiary that provides distribution services through a network of 25 distribution centers.
CSM Bakery Solutions, Atlanta, announced its intention to sell its BakeMark business.
"Since its formation in 1998, BakeMark has operated as a free-standing distribution company, and in that time, built a strong and successful heritage," says Marianne Kirkegaard, president and CEO. "This divestiture will allow us to grow our business in Europe and North America by focusing on our value-added bakery products and ingredients portfolio, and allow BakeMark, under new ownership, to further strengthen their already strong capabilities and reputation as the industry's supply and distribution market leader in North America."
Based in Pico Rivera, Calif., BakeMark is a wholly owned CSM subsidiary that provides distribution services through a network of 25 distribution centers across the United States and Canada. BakeMark delivers a diversified line of products, ingredients and supplies to the food industry under brands that include Westco, Trigal Dorado and BakeSense.
Several weeks ago, CSM separated its BakeMark operations from the core business and began operating it as a standalone entity, with its former leader Jim Parker assuming the role of president and CEO.
"In BakeMark we have an experienced leadership team that will do very well under new ownership," says Kirkeggard. "This is the ideal time to make that happen."