Bakers Journal

News
Markel Bakery Group unveiled


September 13, 2012
By Bakers Journal


Sept. 13, 2012, VA, PA and Holland – AMF Bakery Systems (Richmond, VA), Reading
Bakery Systems (Robesonia, PA) and Tromp Bakery Equipment (Gorinchen, Holland),
have come together to form the Markel Bakery Group.

These three companies were all
acquired by Markel Ventures, the operating division of Markel Corporation.

 Ken Newsome, president of AMF,
will also serve as the CEO of Markel Bakery Group. He comments in a news
release: “We at AMF have been blessed to be part of Markel Ventures for seven
years, so we have already benefited from the support of a partner with
significant capital and a long term horizon. It will be exciting to see how
Tromp and Reading flourish under this same umbrella and the formation of the
Bakery Group underscores our commitment to a long term strategy.”

“Another significant benefit of
the Markel Bakery Group will be the sharing of technology, said E. Terry Groff,
CEO of Reading Bakery Systems and a board member of the group, in a press
statement. “The synergies and collaborative opportunities within the Group will
support our commitment to lead with innovation.”

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AMF, Reading Bakery Systems,
and Tromp will operate as independent companies, but they will benefit from
Markel Bakery Group’s international presence. “We have built a strong
infrastructure in key markets such as Europe and Asia Pacific,” continued Newsome.
“Our plans for expanding this presence into other key international markets
will be an advantage for all the Group companies and their customers.”