Belgian food group Vandemoortele has secured 100 million euros in new financing to fund expansion and strategic acquisitions.
Belgian food group Vandemoortele has secured 100 million euros in new financing to fund expansion and strategic acquisitions.
The company announced on Friday that the funds were raised through a mezzanine financing round, involving investors such as PMV, Tikehau Capital, the Flemish Welfare Fund, and the Belgian Resilience Fund.
According to Vandemoortele, the financing package will strengthen its capital structure and provide the resources to continue executing its growth strategy, with a focus on mergers and acquisitions in the bakery sector and investments in expanding production capacity.
Headquartered in Ghent, Vandemoortele is a leading European producer of bakery products, margarines, and spreads. In 2023, the company reported nearly 2 billion euros in revenue and a net profit of 111 million euros.
