Baldwin Sells its Non-Core Food Blends Business

Under the terms of this transaction, the company has fully transferred the lease obligation to CPC Dry Pack and will no longer need to record the related fourth quarter charge.

Baldwin President and CEO Mark T. Becker said, “We are pleased to have successfully consummated this stock sale just two months after designating this operation as discontinued operations. As previously noted, the food business was acquired in 2006 as part of our purchase of the Oxy-Dry group of companies.