Bühler Group has sold its flour ingredient business to Bakels. The Swiss group manufactures and distributes innovative bakery ingredients and application solutions. The signing and closing of the agreement took place in December 2019. According to the press release, approximately 70 employees of Bühler Guangzhou are moving to the new owner with immediate effect. Both parties have agreed not to disclose the selling price.
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. “With Bakels, we have found an excellent owner and strategic partner for flour ingredient solutions,” says Johannes Wick, chief executive officer 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,” Armin Ulrich, chairman of Bakels’ says. “We are excited to close that gap now by taking over Bühler’s well-positioned business and strengthen our position in China.”