CSM sells Swedish subsidiary through Global M&A

Swedish subsidiary

CSM has sold its BakeMark Sweden subsidairy to Accent Equity Partners through the assistance of Global M&A partners Solveigh Corporate Development from the Netherlands and Arctos mergers and acquisitions from Sweden.

Accent will take over all the operations of BakeMark Sweden, including the factory in Fagersta and the head office in stockholm. BakeMark Sweden has a turnover of approxiamtely 28 million euros. The sale fits in with CSM Bakery Supplies Europe’s strategy to focus on a number of core countries. After the acquisition, BakeMark will carry on as the exclusive distributor of CSM’s products in Sweden and Norway. BakeMark is a Nordic market leader within manufacturing and distribution of bakeoff products.