CSM has acquired Classic Cakes, which produces a range of premium sweet bakery products, servicing the foodservice and retail markets.
Based in Daventry, its products include flapjacks, shortbread, traybakes and portioned multi-layer cakes. It has an annual turnover of £9.8m and employs 90 people.
“This acquisition strengthens CSM’s leadership position in the market segments that it has targeted for growth, particularly the retail and foodservice channels,” said a CSM company statement.
It added that it would also broaden CSM’s manufacturing capabilities, enabling the company to offer customers a wider range of innovative products, while providing capacity for future growth in and outside the UK.
It said the purchase showed CSM’s commitment to strengthen its leading position, driving synergies in the supply chain and leveraging global capabilities.
Classic Cakes was set up in 1987 and has recently worked on developing gluten-free, Fairtrade and organic products.