Royal Cosun extends ingredients operations

Cosun has spent the last year building its growing portfolio. At the start of the summer, the firm acquired Portuguese pastry and bakery supplier Mundipam Produtos Alimentares through subsidiary Unifine. In addition, Cosun further increased its market share last year with the acquisition of CSM Sugar in which has an annual turnover of around €250 million and produces and sells around 350,000 - 380,000 tonnes of sugar each year. As part of this week's agreement, Cosun will integrate Atlanta Dethmers into Unfine Food & Bake Ingredients which supplies the retail and industrial baked goods sector in the Netherlands. The company said: "The range of bakery mixes and cream powders will form an excellent addition to the existing product range of Unifine F&Bi." ​​Cosun is keen to see Unifine build on its position as one of the top three suppliers of its kind in Europe and, in particular, hope the recent acquisition will strengthen the group's presence in the Northwest. The company said: "Furthermore, this takeover will mean an expansion of the production capacity in this region of the European market and a strengthening of the product development." ​ Unifine's product range includes pastry mixes and fillings, bavaroises, mousses, fruit fillings, glazes and chocolate. In addition to Unifine, the Cosun portfolio includes subsidiaries Suiker Unie, Sensus, Nedalco and Aviko. The company has an annual turnover of around €1.4 billion and an average workforce of 4,325.