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Lesaffre buys Alltech’s yeast extract plant in Serbia

Published 13 February 2018

Lesaffre has acquired the yeast extract facility of Alltech in Serbia as part of its ongoing expansion strategy in nutrition and health.

The transaction is in line with Alltech’s continued focus on its core business in animal and crop nutrition.

Lesaffre has important strategic development objectives in nutrition and health which are backed by 165 years of expertise and experience in yeast and fermentation products. This operation will strengthen our leading position in the growing yeast extract market.

Lesaffre CEO Antoine Baule said: “On the yeast extracts and its derivatives market, Lesaffre is recognised as a reliable partner with expertise in producing tailor-made solutions.

“This acquisition will strengthen our presence in this market. In fact, now with eight facilities established around the world (Western and Eastern Europe, China, United States, 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.

Alltech CEO Alric Blake said: “Alltech is pleased to sell this facility to a family group recognised internationally for its professionalism and the quality of its products and services.

“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.”

Source: Company Press Release