The move will strengthen Swiss-based Bakels’ position in China.
“Flour ingredients have been a missing link in our portfolio so far,” said Bakels’ chairman Armin Ulrich.
“We are excited to close that gap now by taking over Bühler’s well-positioned business and strengthen our position in China.”
Bühler ventured into the flour ingredient business since 2010, with a main focus on the Chinese market. According to the company, the business has been highly successful in growing demand for baked foods, as well as increasing food safety levels.
Under the agreement, Bakels will partner with Bühler to further develop the flour business and will cooperate strategically to offer flour ingredient solutions under Bakels’ lead to milling and bakery customers.
“Bühler has been active in the flour ingredients business to understand the entire value chain in order to provide better consulting capabilities throughout the life cycle of assets,” said Johannes Wick, CEO of Bühler’s Grains & Food business.
“Now we can do this even better, thanks to our professional partner who is active in a large array of segments. We are convinced that this business can unleash its full potential on a global scale, with Bakels as owner and Bühler as a strategic partner.”
All 70 employees of Bühler Guangzhou will join Bakels’ team of more than 2,750 staff situated on all five continents.