June 25, 2013
CSM NV, a Dutch bakery products company whose holdings include biochemicals maker Purac, is changing its name to Corbion.
The Amsterdam-based company is in the process of selling its bakery supplies business, and it picked a new name to highlight its new strategy — to emphasize bio-based products.
The company’s Purac unit supplies bioplastic resins including polylactic acid. CSM also makes biochemicals used as food ingredients.
Gerard Hoetmer, CEO of Corbion, said in a news release: “We will leverage our proprietary technologies and intimate understanding of customers and consumers to further develop our market positions in biobased products.”