The strategic transaction expands Commercial Bakeries’ manufacturing portfolio and strengthens its market footprint across the continent’s rapidly growing specialty, organic, and better-for-you cracker sectors.
The clearance comes more than a year and a half after Vandemoortele agreed to acquire Délifrance, creating one of Europe’s largest frozen bakery groups.
The transaction gives Bunge and CM Holding joint control of the terminal, which accounts for about 10% of the Port of Gdynia’s total grain-handling capacity.
The integration combines SABIL’s expertise in managing strategic wheat reserves, its nationwide network of silos and storage facilities, and its grain handling and distribution capabilities with National Grain Company’s international sourcing expertise, specialization in grain and feed inputs, and domestic commercial presence.
The acquisition builds on Novonesis’ 2013 investment in MicroBioGen and its existing 23% ownership stake.