CSM Bakery Solutions to Sell Its BakeMark Business

CSM Bakery Solutions has announced an agreement for the sale of its BakeMark business to Pamplona Capital Management.

CSM president and CEO, Marianne Kirkegaard, says the company will focus on its core business in Europe and North America.
“We have always had great appreciation for the value of the BakeMark business, but this sale will help us support our goal of further strengthening our core business in Europe and North America by focusing on our value added bakery products and ingredients portfolio,” she said. “Under Pamplona’s ownership, BakeMark can further strengthen its strong position and reputation 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 three manufacturing facilities across the United States and Canada. BakeMark offers a diversified line of products, ingredients and supplies to the food industry under brands that include Westco, Trigal Dorado and BakeSense.  
The BakeMark investment is made from Pamplona’s fifth private equity fund, Pamplona Capital Partners V, L.P., a USD3.4bn investment vehicle raised in 2017. Barclays is serving as Pamplona’s financial advisor. Pamplona received legal advice from Goodwin Procter LLP.