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From Left: Johannes Wick, CEO Bühler Grains & Food, Armin Ulrich, Bakels chairman. Picture: Collected[/caption]
GFMM desk: Bühler Group has sold its flour ingredient business to Swiss group Bakels. On December 21, 2019 all shares of China-based Buhler Bangsheng Food Ingredients (Guangzhou) Co. Ltd. have been signed over to Bakels Group.
The Swiss group manufactures and distributes innovative bakery ingredients and application solutions. Both parties have agreed not to disclose the selling price.
“With Bakels, we have found an excellent owner and strategic partner for flour ingredient solutions,” says Johannes Wick, CEO of Bühler’s Grains & Food business.
Bakels is a Swiss enterprise with more than 2,750 employees. Its main focus is on ingredients for bakery and confectionary.
“Flour ingredients have been a missing link in our portfolio so far,” says Armin Ulrich, Bakels’ chairman.
“We are excited to close that gap now by taking over Bühler’s well-positioned business and strengthen our position in China.” Bakels will partner with Bühler to develop the flour ingredients business, Ulrich adds.
The two companies will collaborate strategically to provide flour ingredients solutions led by Bakels' milling and bakery customers.
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From Left: Patrick Gloggner, Bakels Group CEO, Johannes Wick, CEO Bühler Grains & Food, Armin Ulrich, Bakels chairman, Stefan Scheiber, CEO Bühler Group, Mark Macus, CFO Bühler Group. Picture: Collected[/caption]
Bühler has been active in the flour material business since 2010. During this time, the company acquired great skills and great customer relationships. This business proved to be profitable in the last years, mainly centered on the Chinese market. This leads to an increasing demand for baked foods, increasing food security levels and the rise of high nutritious foods. The outlook for the flour ingredients business looks very positive.
Bühler’s strategic direction sees process solutions and customer services at its core. “Bühler has been active in the flour ingredients business to understand the entire value chain in order to provide better consulting capabilities throughout the life cycle of assets.
Now we can do this even better, thanks to our professional partner who is active in a large array of segments,” says Johannes Wick.
“We are convinced that this business can unleash its full potential on a global scale, with Bakels as owner and Bühler as a strategic partner,” he adds.
As a group of international companies, Bakels manufacture and distribute a wide range of innovative ingredients and application solutions. Its ingredients are tailor-made for the markets they serve, covering the bread, pastry, cake and confectionery sectors.
Source: Online/SZK
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