Vandemoortele NV (family holding vehicle: Safinco)

Overview

Safinco, the Vandemoortele family's holding company (founded June 1999), acquired the remaining shares in Vandemoortele NV (a Belgian food group founded 1899, EUR1.4bn revenue, frozen bakery + margarines/fats) from GIMV in 2016, bringing the company to 100% family ownership. Long-term family commitment is intended to secure continuity as Vandemoortele grows organically and through acquisitions.

Key Facts

Type

Family Holding Company