February 13, 2018
Lesaffre acquires Alltech's yeast extract facility in Serbia
As part of its ongoing expansion strategy in nutrition and health, Lesaffre 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.
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 its leading position in the growing yeast extract market, the company said.
"On the yeast extracts and its derivatives market, Lesaffre is recognised as a reliable partner with expertise in producing tailor-made solutions," said Antoine Baule, CEO of Lesaffre. "This acquisition will strengthen our presence in this market. In fact, now with eight facilities established around the world (Western and Eastern Europe, China, US, Brazil, etc), 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 is pleased to sell this facility to a family group recognised internationally for its professionalism and the quality of its products and services," said Alric Blake, CEO of Alltech. "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."