Acquisition of CSM Ingredients by Investindustrial Group approved
The European Commission has approved, under the EU Merger Regulation, the acquisition of CSM Ingredients, the ingredients business outside of North America of CSM Bakery Solutions Limited of the UK. CSM Ingredients manufactures and distributes semi-finished bakery, dairy and ice-cream ingredients, mainly to the artisanal traditional trade and industrial channels.
The acquiring company is Global Food Solutions S.àr.l., a company ultimately controlled by Investindustrial S.A. (‘Investindustrial'), both of Luxembourg. Investindustrial invests in medium-sized companies based in Europe, focusing on the investment areas of consumer and leisure, healthcare and services, and industrial manufacturing.
The Commission concluded that