As part of its ongoing expansion strategy in nutrition and health, Lesaffre announced Feb. 12 that it has acquired Alltech’s yeast extract facility in Serbia. The transaction is in line with Alltech’s continued focus on its core business in animal and crop nutrition, the announcement said.
Lesaffre has important strategic development objectives in nutrition and health that are backed by 165 years of expertise and experience in yeast and fermentation products. This operation will strengthen its leading position in the growing yeast extract market, Lesaffre said.
“On the yeast extracts and its derivatives market, Lesaffre is recognized as a reliable partner with expertise in producing tailor-made solutions,” Lesaffre chief executive officer Antoine Baule said. “This acquisition will strengthen our presence in this market. In fact, now with eight facilities established around the world (Western and Eastern Europe, China, the U.S. and Brazil), we are all the more committed to meeting our customer-specific needs globally.”
The Serbian facility, located in Senta, will now be called Biospringer RS and will continue to produce baker’s yeast for the Serbian market as well as yeast extracts for food and animal feed industries. It was essential for Alltech to secure the long-term future of the Serbian facility and the members of staff employed, Lesaffre said.
“Alltech is pleased to sell this facility to a family group recognized internationally for its professionalism and the quality of its products and services,” Alltech CEO Alric Blake said. “The future of the facility was fundamental in our negotiations. We are convinced that Lesaffre will take this company even further forwards thanks to its expertise in fermentation and fermentation derivatives. It is the perfect company to acquire and drive the business for future growth. Alltech, meanwhile, will continue to focus on its core activities following unprecedented growth in recent years.”
Founded in 1980 by Irish entrepreneur and scientist Dr. Pearse Lyons, Alltech discovers and delivers solutions for the sustainable nutrition of plants, animals and people. With expertise in yeast fermentation, solid-state fermentation and the science of nutrigenomics, Alltech is a leading producer and processor of yeast additives, organic trace minerals, feed ingredients, premix and feed.
As a global key player in yeasts and fermentation, Lesaffre designs, manufactures and markets innovative solutions for baking, food taste and enjoyment, health care and biotechnology. As a family group founded in northern France in 1853 and now a multinational and a multicultural company, Lesaffre is committed to working with confidence to better nourish and protect the planet.
In close collaboration with its clients and partners, Lesaffre employs 10,000 people at more than 75 subsidiaries based in 50 countries and achieves a turnover of 2 billion euros.
- IMF Delays New Deal With Serbia Until It Names New Finance Minister
- City announces first Belgrade Food Show
- Serbia to coordinate EBRD loans, EU grants to improve access to financing of SMEs
- Serbia pins hope on big fair for agricultural growth
- Serbia and Albania sign tourism cooperation agreement
- Auto cables specialist Leoni grows apace with plan for fourth Serbia plant
- Societe Generale bank achieves record profitability
- Serbia's central bank to keep key rate at three percent
- Serbia's finance minister resigns
- Belgrade-Sarajevo highway memorandum signed with Turks