Cs Bakery Holdings Inc history

1882: Wester Suikerraffinaderik in Amsterdam and Hollandsche Fabriek van Melkproducten en Voedingsmiddelen (Hollandia) are founded.

Despite ups and downs in the market, notably in 1888 when the beet sugar market in Europe all but collapsed amid a wider financial crisis, Van Loon and a growing number of competitors prospered.

1890: NV Beetwortelsuikerfabrik De Mark is founded by Joannes Petrus van Rossum.

Seven years after its incorporation, Interstate merged with another, much better-established Kansas City baker, the Schulze Baking Company, Inc., which had been founded in 1893.

The situation forced a number of mergers among refiners, including De Mark, which merged into NV Algemeene Suiker-Maatschappij, or Asmij, in 1908.

In 1911 when my grandfather opened the bakery, the neighborhood was predominantly Scandinavian and Norwegian and some German.

By 1915, Asmij had been forced to shut the Cantley plant, and Asmij itself, further hit by the difficult market during World War I, was acquired by Wester Suikerraffinaderij.

Van Rossum became a prominent part of Wester's direction, and in 1918 was named the company's commercial director.

After adding a plant in Lillo, in Flemish-speaking Belgium in 1920, CSM turned to the United Kingdom, where the British government had begun offering subsidiaries in order to stimulate its beet sugar industry.

Using the cash and equipment from its shuttered factories, CSM began building plants in Ely and Ipswitch in 1924.

The company then bought a sugar refiner, Sankey Sugar Company, based in Liverpool, and opened a third sugar plant, in King's Lynn, in 1927.

Interstate, a company based in Kansas City, Missouri, was founded in 1930 by baker Ralph Leroy Nafziger.

By 1934, the company had sold off its British holdings, then disposed of its Polish plants the following year.

In 1936, my dad started working full time.

1937: The company acquires the Dutch-based jam and conserves company, Taminiau te Elst.

CSM by then was reduced to just six sugar plants--in 1941, in a deal negotiated by Van Rossum, the company sold much of its unused equipment to the Nazis, who hoped to establish a beet sugar industry in the fertile Ukraine region.

In that year, also, CSM completed its reorganization, and Van Rossum, who died at the age of 83 in 1943, was forced to take a more minor role in the company.

1946: A research facility is established for developing sugar-based chemicals and products.

J.P. van Rossum als suikerindustrieel-koopman en organisator, Baarn: A.W.J. de Jonge, 1948.

In 1950 the company established a test factory that was used to produce the vitamins B and B12.

In 1951, the company bought Mrs.

Then, in 1958, CSM abandoned its conserves operation as well.

At the end of that year, the company’s net sales reached $191 million, up from $124 million in 1959, through a period of steady growth.

In 1960, the company strengthened its standing in the Midwest, when it acquired Cobb’s Sunlit Bakery, of Green Bay, Wisconsin.

The company’s unwanted suitor was founded in 1961 as the Data Processing Financial and General Corporation, based in Hartsdale, New York, a suburb of White Plains, where the International Business Machines Corporation (IBM) was located.

In 1964, therefore, the company shut down its Wester factory in Amsterdam.

When CSM refused, the cooperatives went on to form the Suiker Unie in 1966.

In March 1968, the company bought the Millbrook bread division of the National Biscuit Company.

On July 25, 1969, Interstate changed its name to the Interstate Brands Corporation, to reflect the broader scope of its activities, which now included canning as well as baking.

In 1970, IBM introduced a new computer model, and DPF’s equipment instantly became obsolete.

Interstate sold its canning operation in 1974 and resumed acquisition of properties that fit in with its core line of business, baking.

Then, in 1975, Interstate became the object of an acquisition itself.

As part of this program, Interstate announced in 1976 that it would undertake the construction of a new $5 million bakery in Montana.

The company's first step in this direction came in 1978, when it acquired Koninklijke Scholten Honig (KSH), which owned the Honig brand name.

On February 27, 1979, DPF fully completed its merger with Interstate.

With the separation of Interstate’s computer business from the core baking operations, Dale Putnam, head of Interstate’s bakery division, was named chief executive officer of Interstate in January 1982.

In May 1983, Interstate closed out a four-year period of declining financial returns with a loss.

The bad news continued in 1984, as Interstate racked up $4.2 million in red ink.

1986: The company begins a new diversification into confectionery, starting with the purchase of Red Band Venco.

However, Interstate’s most significant financial move during 1987 was its withdrawal from the financial markets through a leveraged buy-out.

1990: Droste chocolates is acquired.

In May 1991, IBC Holdings Corporation changed its name back to Interstate Bakeries Corporation, before the company once again went public, selling stock on the market in July 1991.

1993: The company begins to acquire bakery supplies companies.

In early January 1995, the company announced an agreement to buy one of its primary competitors, the Continental Baking Company, for $330 million and 16.9 million shares of Interstate stock.

The company wasted no time taking advantage of the name value of its recently acquired brands, launching an aggressive marketing campaign in January 1996.

As part of that effort, CSM sold off the Droste chocolate operation in 1997.

Interstate’s fortunes took a sharp nose-dive in October 1998, however, when the company announced that its second quarter earnings would fall below expectations.

As these places go away, so does your business, and it doesn't get replaced. (Editor's note: In July 1999, new owner Suiza Foods sold all of Continental Can's United States packaging operations.

2000: Continental Sweets is acquired; Unilever's European Bakery Supplies Division is acquired.

In 2001, the company acquired Socalbe, based in Italy, giving it several strong brands in that country, including Dietorelle and Sperlari.

Since 2003, Legendary Baking has won over 750 Blue Ribbons at the APC National Pie Championships.

In 2004, CSM announced its intention to continue expanding its operations through acquisitions.

© 2021 Legendary Baking, a division of American Blue Ribbon Holdings