Bühler has announced that it has sold its flour ingredient business to global bakery ingredients group Bakels for an undisclosed sum.
The deal includes all shares of China-based Bühler Bangsheng Food Ingredients (Guangzhou), in a move that will strengthen Bakels’ position in China.
Also based in Switzerland, Bakels manufactures and distributes bakery ingredients and application solutions to the global bakery and confectionery market.
According to both companies, Bakels will partner with Bühler to develop the flour business and will cooperate strategically to offer flour ingredient solutions under Bakels’ lead to milling and bakery customers.
“Flour ingredients have been a missing link in our portfolio so far,” said Bakels’ chairman Armin Ulrich.
Ulrich added: “We are excited to close that gap now by taking over Bühler’s well-positioned business and strengthen our position in China.”
Johannes Wick, CEO of Bühler’s Grains & Food business, said: “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. 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.”
As a result of the agreement, 70 employees of Bühler Guangzhou will join Bakels’ team of currently more than 2,750 staff.
The signing and closing of agreement took place on 18 December 2019.
© FoodBev Media Ltd 2019