SWITZERLAND – Bühler Group has sold its China-based flour ingredient business, Buhler Bangsheng Food Ingredients (Guangzhou) Co. Ltd. to Bakels Group. Bakels, a Swiss group which manufactures and distributes innovative bakery ingredients and application solutions said that the deal will strengthen its position in the Asian country. Bakels’ main focus is on ingredients for bakery and confectionary. Armin Ulrich, Bakels’ chairman said that the acquisition of Bühler Guangzhou will also enable the company to expand into the flour ingredients business. “Flour ingredients have been a missing link in our portfolio so…
Read MoreBühler sells Chinese flour ingredient business to Swiss company Bakels
