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, one of the leading global baking yeast and fermented products companies, announced that it acquired the yeast extract factory of US-based natural animal nutrition group Alltech in Senta, in northern Serbia. This acqusition will strengthen Lesaffre’s leading position in the growing yeast extract market. “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 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, 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.