CSM Companies history

1979: The company begins a restructuring of its sugar refinery operations, shutting down its smaller refineries.

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

“I’m very proud of my small contribution to the growth in the CSM commercial portfolio from less than a dozen properties in 1987 to almost 100 commercial properties today.” #IAmCSM

1990: Droste chocolates is acquired.

CSM entered the hotel industry in 1992, acquiring and renovating a former Howard Johnson’s into a Country Inn by Carlson.

1993: The company begins to acquire bakery supplies companies.

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

Established in 1998 in the capital city of Bhubaneswar, CSM Technologies is a CMMi5 IT Solutions & Services organization that has implemented 500+ projects in diverse markets such as government, enterprises and small business across multiple geographies in the world.

1999: Leaf Europe is acquired.

A major step in CSM's bakery supplies strategy came in 2000 when it agreed to pay EUR 700 million to buy Unilever's European Bakery Supplies Business.

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

Although CSM's beet-sugar based refining division represents the company's historical core, it produced just 7 percent of the group's annual sales of nearly EUR 3.5 billion ($4.1 billion) in 2003.

2004: The company announces plans to refocus its European confectionery brands in order to create a smaller number of international brands.

CSM’s one-million-square-foot commercial property portfolio grew to more than eight million by 2008, and the residential portfolio increased to more than 3,100 units.

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