Banneton Bakery

05 Apr: Vandemoortele acquires majority stake in Banneton Bakery

Vandemoortele announced it established a new partnership with Banneton, a manufacturer of premium freezer-to-oven croissants, Danishes and pastries in North America. As part of the agreement, Vandemoortele will acquire a majority stake in Banneton, while Victor and Alex Litinetsky, founders of Banneton, will stay invested in the capital and continue to lead the day-to-day management of the business after closing.