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Dawn Completes Acquisition of Bunge Foods Bakery Division

JACKSON, Mich. - Dawn Food Products Inc., one of the world's largest full-service, family-owned baking industry suppliers, has completed its previously announced acquisition of the bakery business of Bunge North America, the North American Operating arm of Bunge Limited, for $76 million. The transaction includes assets that manufacture, market and sell bakery mixes, frozen dough, syrups and toppings.

"We are delighted to welcome the customers and employees of the Bunge Bakery Division to the Dawn family," said Ron Jones, Dawn's c.e.o. "Bunge's tradition of outstanding products and service to its customers meshes perfectly with Dawn's vision and mission. This is an exciting time for Dawn Food Products, and we are pleased to expand our services to the bakery and food industry with the high standards that our customers have come to expect from Dawn and Bunge. We believe this acquisition will not only strengthen our core competencies in the bakery mix and frozen bakery products market, it will allow Dawn to further expand into other key areas of interest to our customers," said Jones.

Dawn will take over operations of Bunge's bakery mix facilities in Seattle, Wash., and Modesto, Calif.; the sale of mixes from Bunge's Bradley, Ill., facility; as well as frozen baking plants in Mexico, Missouri and Tustin and Modesto, Calif. The syrups and toppings plant in Seattle and the bakery research and development facilities in Seattle and St. Louis were also included in the sale.
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