The company plans to invest around €500m (US$576.3m) across the sites in Belgium, the US and Thailand by 2030.
The new fleet will initially operate on selected Albany bread delivery routes, with plans for a phased expansion as the company evaluates performance, fuel efficiency, and environmental impact.
The completion of the transaction gives Vandemoortele full ownership of Banneton Bakery, strengthening its manufacturing footprint in the United States and reinforcing its commitment to serving the growing demand for premium frozen bakery products across the region
The expansion is expected to strengthen the company’s ability to supply customers with food-grade soybeans for products such as plant-based beverages while creating additional market opportunities for growers.
ADM financial results indicate profitability driven by robust performance in its oilseed crushing, ethanol and nutrition businesses, prompting the Chicago-based agribusiness giant to raise its full-year earnings guidance.