date:Mar 26, 2013
onal bakery business.
CSM's remaining operations grew 7.1 percent in 2012, including currency effects and acquisitions, while the business to be sold grew 6.3 percent.
CSM, which started off as a sugar processor, will use proceeds of the sale to make bolt-on acquisitions, return funds to shareholders, grow organically, pay for pension liabilities and reduce debt, CSM Chief Executive Gerard Hoetmer said, reiterating broadly what the company said last year.
He declined to say how much money cou