UZWIL, SWITZERLAND — Bühler Group has sold its flour ingredient business to Bakels. The Swiss group manufactures and distributes bakery ingredients and application solutions. As part of the transaction, 70 employees of Bühler Guangzhou are moving to the new owner with immediate effect. Both parties have agreed not to disclose the selling price.
All shares of China-based Bühler Bangsheng Food Ingredients (Guangzhou) Co. Ltd. have been signed over to Bakels Group.
“With Bakels, we have found an excellent owner and strategic partner for flour ingredient solutions,” said Johannes Wick, chief executive officer (CEO) of Bühler’s Grains & Food business.
Bakels is a Swiss enterprise with more than 2,750 employees. Its focus is on ingredients for bakery and confectionery.
“Flour ingredients have been a missing link in our portfolio so far,” said Armin Ulrich, chairman of Bakels. “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 said. The two companies will cooperate strategically to offer flour ingredient solutions under Bakels’ lead to milling and bakery customers.
Bühler has been active within the flour ingredient business since 2010.
“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,” Wick said. “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 group of international companies, Bakels has been in the development, production and marketing of bakery ingredients since 1904. With more than 2,750 employees, the group is active worldwide on all five continents. As a technically based company Bakels’ objective is to assist customers develop and sell bakery products.