CSM Extends US Bakery Presence by Acquiring Best Brands Corp.

CHICAGO, Feb. 4 /PRNewswire/ -- CSM, Bakery Supplies North America, announces the newest addition to the growing bakery portfolio of its US division. Best Brands of Minnetonka, MN will join the entire CSM family of companies. Currently one of the largest bakery supply companies in the world, CSM is now positioned to provide customers the ultimate selection in premium bakery products.

The acquisition of Best Brands brings unparalleled product depth to the organization while complementing the customer service commitment of CSM globally. The combined sales of Bakery Supplies North America will be in excess of $2.3 Billion. Best Brands has a leading position in value-added frozen products sold to in-store bakeries, which are complimentary to CSM's HC Brill product and customer portfolio, and is well positioned in segments and product categories that CSM BSNA has targeted for future growth.

Commenting on the acquisition, Bret Weaver, President of HC Brill said:

"I am very excited about the prospect of Best Brands joining forces with CSM and Brill. Both organizations have a tremendous passion for the baking industry and both operate under a highly service and performance oriented culture."

The transaction is subject to regulatory review and expected to be completed in March 2010.

About Best Brands:

Best Brands is one of the largest premium bakery manufactures in the US market, being committed  to  providing high quality innovative products and services to the baking industry. Their broad product portfolio includes laminated dough, cakes, muffins, fillings and mixes. Best Brands has a leading position in value-added frozen products sold to in-store bakeries. Furthermore, Best Brands serves food service customers and retail and wholesale bakeries through its three distribution centers. Best Brands also goes to market with the well-known Multifoods brand. The company has 6 major production facilities across the United States, and is headquartered in Minnetonka, Minnesota. Best Brands was founded in 1971 and has a workforce of 1,580 people. For more information: www.bestbrandscorp.com.

About CSM

CSM is the largest supplier of bakery products worldwide and is global market leader in lactic acid and lactic acid derivatives. CSM produces and distributes an extensive range of bakery products and ingredients for artisan and industrial bakeries and for in-store as well as out-of-home markets.

It also produces a variety of lactic acid applications for the food, chemical and pharmaceutical industries. CSM operates in business-to-business markets throughout Europe, North America, South America, and Asia, generates annual sales of euro 2.6 billion and has a workforce of around 8,450 employees in 25 countries. CSM is listed on Euronext Amsterdam. For more information: www.csmglobal.com.

SOURCE CSM

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