Bühler Group has sold its flour ingredient business to Bakels.
The Swiss group manufactures and distributes innovative bakery ingredients and application solutions. 70 employees of Bühler Guangzhou in China are moving to the new owner with immediate effect. Both parties have agreed not to disclose the selling price.
All shares of China-based Buhler 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,” 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 confectionery. “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 cooperate strategically to offer flour ingredient solutions under Bakels’ lead to milling and bakery customers.
A niche for Bühler
Bühler has been active in the flour ingredient business since 2010. The business claims to have been profitable over the last few years having focused mainly on the Chinese market.
“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,” said Johannes Wick, CEO of Bühler Grains & Food. “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 added.