GERMANY— Lallemand, through its subsidiary Danstar Ferment AG, has agreed to acquire BASF Nutrilife baking enzymes portfolio and business. Subject to customary closing conditions, the transaction is expected to complete on September 30, 2022.
Michael de Marco, vice president of global business management enzymes at BASF said that baking enzymes is not a strategic fit for the company. Lallemand on the other hand, entered recently into the development and production of enzymes. The acquisition of the Nutrilife® baking enzymes portfolio and business will further broaden their product portfolio and geographical footprint.
“With Lallemand we have found an excellent partner to strategically continue and strengthen our baking enzymes business and to be a reliable supplier. We will accompany the transaction to ensure a smooth handover for our customers,” said Michael.
“We look forward to continuing to provide Nutrilife customers with enzyme expertise as well as access to innovative ingredients based on the Lallemand yeast and bacteria technology platforms,” said Lars Asferg, president of Lallemand Bio-Ingredients.
BASF, which generated sales of €78.6 billion (US$78.7 billion) in 2021, has been narrowing in its business focus in 2022 on strategic investments for sustainability along the agri-food chain.
We look forward to continuing to provide Nutrilife customers with enzyme expertise as well as access to innovative ingredients based on the Lallemand yeast and bacteria technology platforms
BASF Venture Capital (BVC) most recently invested in Indian start-up UrbanKisaan, which specializes in hydroponic cultivation of various types of vegetables, greens and herbs in tropical urban environments.
Meanwhile, Canada-headquartered Lallemand has been busy scaling its portfolio, with launches of functional solutions from Saccharomyces cerevisiae and Torula yeast, including whole cell inactive yeast, yeast extracts and yeast derivatives.
Lallemand recently unveiled a new range of “pork-inspired” yeast-based flavors for the meat and plant-based protein markets. Savor-Lyfe P series replicates ham-style pork, roasted cuts and bacon-like smoked meat, as showcased live from Food Ingredients Europe in Frankfurt, Germany.
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