The company plans to invest around €500m (US$576.3m) across the sites in Belgium, the US and Thailand by 2030.
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.
The investment strengthens ADM’s position as a leading supplier of natural ingredient solutions for the food and beverage industry while enhancing its ability to support customers seeking innovative, sustainable formulations.