Borden Boosts Baking Operations in Europe
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United Press International
NEW YORK — Borden Inc., the consumer and industrial products conglomerate, has announced a major expansion of its presence in Easter Europe.
Borden said it acquired Weissenfelser Backwaren GmbH, a former East Germany-owned baking company in Weissenfels.
In addition, Borden said it formed a joint venture with Hungary’s state-owned bakery in Budapest, with plans to operate a bakery store chain.
The terms were not disclosed.
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