Bakery group Vandemoortele secures fresh financing

Core Viewpoint - Vandemoortele, a Belgian bakery group, has secured €100 million ($118.01 million) in funding to support its expansion and acquisition strategy in the bakery sector [1][2]. Group Financial Overview - Vandemoortele reported a turnover of €1.98 billion and an operating profit of €256 million in 2024 [3]. - The company achieved revenue of €1.05 billion in the first half of 2025, reflecting a 10.6% increase compared to the same period in 2024 [5]. - Adjusted group EBIT for the same period stood at €70.2 million, a decrease of approximately 22.51% [6]. - Attributable group earnings after tax reached €16 million, down by approximately 72.4% from 2024 [6]. Acquisition Strategy - The company has been active in mergers and acquisitions, completing multiple deals in the past eighteen months that contributed an additional €1.7 billion to its turnover [3][4]. - Recent acquisitions include Délifrance, Bunge's European margarine and spreads division, and Italian frozen bakery business Lizzi [4]. - The pending acquisitions are expected to broaden Vandemoortele's product portfolio and enhance its international presence [7]. Investment and Growth Focus - The newly secured financing aims to strengthen Vandemoortele's capital framework, enabling continued focus on mergers and acquisitions [2]. - The company is also investing in enhancing production capacity and improving product mix, innovation, and cost management [5].