Belgium

The investment aims to modernize and expand Mars’s manufacturing facilities to meet evolving consumer needs while enhancing sustainability and economic resilience.

The funds will be used to strengthen Vandemoortele’s capital framework and support its ongoing buy-and-build strategy.

The European Commission aims to ensure fair competition in the market and protect consumers from impacts such as inflated prices.

This marks Vandemoortele’s second major announcement in a week. On Tuesday, the company confirmed plans to acquire the €450 million (US$511M) European margarine and spreads business of US food company Bunge.