Last month, Pamplona Capital Management announced that it had reached an agreement to acquire the BakeMark business of CSM Bakery Solutions. Yesterday, that sale was finalized and BakeMark will now be a part of Pamplona Capital Management.
CSM's decision to sell BakeMark to Pamplona will allow them to focus on their core business in Europe and North America, according to CSM's President and CEO Marianne Kirkegaard.
“Completing the sale of BakeMark allows us to strengthen our core business in Europe and North America by focusing more on our portfolio of bakery products and ingredients,” Kirkegaard says. “Under Pamplona, BakeMark can further enhance its position as the industry's supply and distribution market leader in North America.”
Based in Pico Rivera, California, BakeMark provides distribution services through a network of 25 distribution centers and 3 manufacturing facilities across the United States and Canada. The company offers a diversified line of products, ingredients, and supplies to the food industry under brands that include Westco, Trigal Dorado, and BakeSense.
Financial terms of the deal were not disclosed.