Délifrance is set to merge with Vandemoortele, forming a global leader in the frozen bakery product sector with projected revenues of €2.4 billion.

Target Information

Délifrance, a wholly-owned subsidiary of VIVESCIA Industries, is a leading European player in the frozen bakery products (BVP) sector, employing approximately 3,200 people and operating 14 production sites. As of June 30, 2024, the company reported a revenue of around €930 million. Délifrance is globally recognized in the B2B sector for its high-quality products, epitomizing the excellence of French bakery. The company primarily operates in Europe and Asia, providing solutions and services to major retail players, the foodservice sector, and artisanal bakeries.

Vandemoortele, a prominent Belgian family-owned food group, has been developing its BVP activities for nearly 50 years. It currently employs around 3,500 people across 28 production sites and has a revenue of approximately €1.4 billion. Vandemoortele offers a broad range of frozen products under various brands, including private labels, with a notable presence in Europe and the United States.

Industry Overview in Belgium

The frozen bakery products industry in Belgium is well-established, influenced by strong consumer demand for convenience and ready-to-eat solutions. This sector has been growing steadily due to an increasing preference for frozen goods, which of