USA: Bunge to sell European margarines and spreads business to Vandemoortele

Bunge, the leading agri-commodities business, has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a leading European manufacturer and seller of frozen baked goods and plant-based foods.

Under the agreement, Vandemoortele will acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, together with its spreads and margarine manufacturing locations and a portfolio of 20 consumer brands.

Commenting on the move, Bunge chief transformation officer and acting president, food solutions, Pierre Mauger said: “Bunge’s focus going forward is on global leadership in our integrated value chains in oilseeds and grains, and in our connected oils, emulsifiers and proteins B2B ingredients businesses. We are pleased that the margarines and spreads business will be able to further develop under new ownership”.

Vandemoortele CEO Yvon Guerin added: “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”.

The transaction is expected to close in 2026, subject to merger control. Terms of the transaction were not disclosed

Source: Bunge / Vandemoortele