Rhone Capital Shells Out $1.35B For Bakery Supplies Biz

Law360, New York (March 26, 2013, 5:17 PM EDT) -- Private equity firm Rhone Capital LLC has reached a deal to take over CSM NV's North America and European bakery supplies businesses for €1.05 billion ($1.35 billion), helping the Dutch company to streamline into an ingredients-only business, CSM announced Monday.

The deal, which is pending regulatory approvals in both North America and Europe, will hand over the reigns, facilities and brand name of CSM's extensive bakery lines that range from ready-made goods to frozen and semifinished products. If all is approved, the buyout is expected to...
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