Neuss / DE. (pmg) Belgium’s Puratos Group reached an agreement with Germany’s PMG Premium Mühlen Gruppe GmbH + Co to acquire the Plange Bakery Ingredient Business.
PMG is pleased to announce Puratos’ intention to acquire the Plange Bakery Ingredient Business. This will allow Puratos to increase its presence and market penetration in Germany. The agreement is pending approval of the German competition authorities.
Piet Sanders, Puratos Market Director for North + Eastern Europe says: «The acquisition of this long established business in Germany will strengthen our business development teams in Europe’s largest baked goods market, as well as enrich our product portfolio».
This acquisition sees the coming together of two businesses that share common values including passion for innovation in bakery, a commitment to quality and customer-first approach.
«The merger of the business development teams of Plange Bakery Ingredients into the Puratos Germany team should allow us to service and support better the customers both companies are supplying», says Holger Möller, General Manager of Puratos Germany. «Adding the great and famous products of Plange Bakery Ingredients to Puratos’ portfolio should also help us develop our customers’ businesses better».
Heir of a long Bakery history that can be traced back to 1775, the Plange Bakery Ingredients Business is today serviced by a team of 32 people offering a range of more than 200 Bakery products.
Martin Bindewald, Managing Director from Bindewald + Gutting comments: «Selling Plange Bakery Ingredients to Puratos is a key decision for us to focus only on our milling business, while strengthening the relationship with one of our important customers, and at the same time, finding the best solution for our teams that have been working hard to develop the Plange brand and business».