French fermentation player acquires majority stake in Biorigin
Lesaffre, a global yeast manufacturer based in France, will become the controlling shareholder of the Brazilian company.
Biorigin is a subsidiary of the food production company Zilor. It specializes in the production of yeast and yeast-based derivatives for various industries, including pet food.
Lesaffre will acquire 70% of Biorigin’s total corporate capital through the deal. It will also purchase the firm’s production facility in Quatá (São Paulo, Brazil) and the Biorigin brand, enhancing the production, marketing and sale of its yeast-derived products.
The agreement will also focus on upgrading production capabilities to meet market needs.
Lesaffre currently has a network of 80 production sites across 50 countries, while Biorigin distributes natural-origin ingredients to over 60 countries globally.
“This deal will allow Biorigin to incorporate greater expertise, market insight and access to advanced R&D (research and development) capabilities from Lesaffre and will allow Biorigin’s parent company, Zilor, to join forces with a highly capable and experienced strategic partner,” comments Fabiano Zillo, CEO of Zilor.
This partnership also aims to combine both companies’ expertise to develop sustainable, yeast-based solutions for the animal nutrition industry.
(Photo credit: Biorigin)
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