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Agreement to acquire Alpro
Vandemoortele, Belgium’s largest privately-held food company, and Dean Foods Company (NYSE:DF) announced an agreement for Dean Foods Company to acquire Vandemoortele’s Alpro Division. The transaction’s price is approximately €325 million. It is expected to be completed in the third quarter.
(June 2009)
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Gimv invests
Gimv and Vandemoortele Group announce that the Gimv-XL fund has reached agreement with Vandemoortele Group to invest EUR 75 million in the food group in view of strengthening its equity.
(March 2009)
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Focus on Bakery and Lipids
Group Vandemoortele has decided to focus on the activities Bakery and Lipids and prepares the selling process of its soy business Alpro.
(Januari 2009)
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Acquisition of Panavi
Group Panavi is the French market leader in frozen bakery products, with a turnover of 307 million euro in 2007. The Group has twenty-two factories, seventeen distribution centres and well over 2,000 employees in France. With this take-over, Vandemoortele is ranking itself among the European top in the sector of frozen bakery products.
(June 2008)
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