MONTREAL– Lallemand has actually reached a contract to get AIT Active ingredients and Solyve from Moulins Soufflet, which is a subsidiary of Groupe InVivo. Financial regards to the deal, which is anticipated to close this summertime, were not revealed.
Headquartered in Corbeil-essonnes, France, AIT Ingredients makes baking active ingredients providing technical services (improvers, correctors and enzymes) in addition to innovative services (sourdoughs, cereal active ingredients and blends) for applications throughout the baking, flour milling and pasta markets. The business has an existence in Africa, Argentina, Brazil, France and Spain.
Based in Colombelles, Normandie, Solyve produces GMO-free and natural enzyme services for usage throughout the oenology, fruit juices, baking, plant-based drink and animal nutrition sectors. It likewise makes sourdough beginners for the baking market.
” With the existence of AIT Active ingredients in France, Argentina, Brazil, Spain, APAC and Africa, and Solyve in France, these proposed acquisitions will enhance our existence and increase our international footprint and production capability and much better allow us to fulfill the requirements of our existing and brand-new clients throughout the baking, flour milling, oenology and other drinks sectors,” stated Antoine Chagnon, ceo of Lallemand.
Thierry Blandinieres, CEO of InVivo Group, included, “With its special knowledge in research study and bacteria, Lallemand will bring the vision and knowledge needed to effectively take control of and grow both business AIT Active ingredients and Solyve. Lallemand is devoted to this and has the financial investment capability to make it occur. For InVivo, the conclusion of this job will allow us to speed up the application of our tactical strategy, which is based upon refocusing on field crops, in specific wheat and barley, in order to develop strong, structured and sustainable vertical supply chains.”
Lallemand concentrates on the advancement, production and marketing of yeasts, germs, fungis and enzyme-based services throughout the baking, food active ingredients, human and animal nutrition and health, biofuels and distilled spirits, crop protection/nutrition, oenology and developing sectors. The business runs more than 50 production plants in over 50 nations.
Moulins Soufflet is among France’s leading millers, using items through its Baguepi Farine Accountable, Melior, Mozaik and Levia brand names.
Source: Food Business.
