Together, these represent 80% of the group’s turnover and are essentially oriented towards professional and industrial customers.
Vandemoortele is traditionally strong in these segments and wants to expand in Europe in these activities. Within the framework of this change of strategy, the group is preparing to sell its soy business, Alpro, which is oriented towards the end consumer.
This strategic decision offers the best opportunities for future growth to each of the three activities, which are all market leaders and generate solid operational cash flows.
The sale of Alpro will bring in the necessary resources to pursue the expansion in bakery and lipids. Thanks to the recent takeover of Panavi, the French market leader in frozen bakery products, Vandemoortele is among the European leaders in this segment, which is growing at an annual rate of more than 5%. Vandemoortele is also strengthening its leading position in margarines and fats.
Alpro is the European market leader in soy food products and has realised a strong and profitable growth during the past seven years with its brands Alpro Soya and Provamel.
Alpro meets two fundamental food trends – health and sustainable development. By splitting off its soy foods activities, Vandemoortele wants to ensure the further successful growth of Alpro with a strong, new partner.
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