Global law firm Baker McKenzie is advisor to Vandemoortele, a leading European family-owned food group, in a strategic partnership with Banneton, a high-quality manufacturer of premium freezer-to-oven croissants, Danishes and pastries in North America. As part of the agreement, Vandemoortele will acquire a majority stake in Banneton and Banneton's founders will stay invested in the capital and continue to lead the day-to-day management of the business after closing.

Philippe Delsaut, Chief Legal & Risk Officer of the Vandemoortele Group, commented: “For this strategically important transaction, we were most pleased to tap the seasoned M&A team of Baker McKenzie to successfully guide the cross-border issues.”

Led by Corporate and M&A partners Dieter Schmitz (Chicago) and Koen Vanhaerents (Brussels), the Baker McKenzie team includes M&A associates Elizabeth Barber and Bridget Doyle (both Chicago); antitrust partner Mark Hamer (Washington, DC); tax partner Kai Kramer (Houston); FDA regulatory partner Xin Tao (Washington, DC); employment partner Elizabeth Ebersole (Chicago); benefits and compensation partner Christopher Guldberg (Chicago); real estate partner Sarah Swain (Chicago) and environmental counsel Jessica Wicha (Chicago). 

This acquisition reinforces the focus and commitment of Vandemoortele on serving customers in the United States.

Dieter Schmitz, lead M&A partner, added: “We were honored to work with the skilled M&A team at Vandemoortele to achieve its important milestone of having a first production platform in the United States.”

Baker McKenzie is a transactional powerhouse, with more than 2,500 deal lawyers in 45 jurisdictions offering pragmatic counsel in the areas most critical for clients. The Firm excels in complex transactions and cross-border deals; over 65% of the deals are multi-jurisdictional. The teams are a hybrid of ‘local’ and ‘global’, combining money-market sophistication with local excellence. 

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