Vandemoortele is acquiring the European Margarines & Spreads activities of Bunge. The Belgian family-owned food group has a strong presence in the market segments of margarines and plant-based oils and fats in Europe. It now reached an agreement with Bunge to acquire its European Margarines & Spreads business, which has a turnover of more than EUR 450 million and employs more than 800 people in the production plants in in Germany, Poland and Finland. Over 20 brands are made in its facilities.

Yvon Guerin, Vandemoortele CEO, comments: “This acquisition offers an interesting geographic complementarity. We already serve a strong customer base in Western and Southern Europe with high-quality and innovative plant-based products. Now, we can expand our presence in Central Eastern Europe and Scandinavia too.”

“We aspire to be a frontrunner in the plant-based food transition!”, says Jean Vandemoortele, Chairman of the Board. “Not only in the core categories of Margarine and Plant-Based Oils & Fats, but also in the growth categories of Sauces, Vinaigrettes & Dressings, Vegetable Creams and Plant-Based Cheese.”  

Like Vandemoortele, Bunge’s European Margarines & Spreads business commercially distributes its products across B2C (retail) and B2B channels (professional and industry).

Photo: Vandemoortele