Corbion sells frozen dough business East Rutherford
Corbion has closed the sale of its frozen dough business to Frodo Baking Company. In a statement released by Corbion, the new business owner is expected to hire most of the employees of the frozen dough business, and will take over the operations with immediate effect.
The sale of the frozen dough business is the result of a portfolio assessment as part of Corbion’s Advance 2025 strategy, as announced in March last year. Located in East Rutherford, New Jersey, and Corbion’s only semi-finished product line delivering to consumer outlets, the frozen dough business’s fit with the new strategy was limited.
Andy Muller, president of sustainable food solutions for Corbion, said: “This divestment allows us to further increase our focus on our preservation and functional systems ingredients. And we can do so in full confidence that our colleagues in the frozen dough business will be better positioned to flourish in this growth market under the new owner, with a clear, singular focus.”