The food ingredients group will divest its main bakery supplies business in the first half of this year as it realigns itself to form a bio-based ingredients company. Bakery brands up for sale include BakeMark, Craigmillar and Baker & Baker.“We have decided to issue this trading update of our unaudited 2012 results so as to be able to inform the selected potential buyers… We will use the balance sheet at the end of 2012 as the closing balance sheet for the divestment,” it said.
