European food group Vandemoortele has fully acquired Banneton Bakery Inc., a South Jersey-based manufacturer of artisan pastries. This acquisition follows an 80% stake Vandemoortele took two years ago, establishing its first U.S. production platform. The Swedesboro facility will remain operational with no planned layoffs, and the company intends to invest further in the plant and its workforce. Banneton's brand will continue as part of Vandemoortele's North American portfolio, complementing their European product offerings. This move aims to strengthen Vandemoortele's presence in the premium frozen baked goods market.
Swedesboro, New Jersey
https://njbiz.com/vandemoortele-acquires-banneton-bakery-south-jersey/