Jan
8,
2024
Jan 8, 2024
Montreal, Canada: Lallemand Inc, a global leader in industrial biotechnology has confirmed the closing in December 2023 of the acquisition by its subsidiary Danstar Ferment AG of Swiss biotechnology business Evolva AG from Evolva Holding AG.
The transaction which was originally announced to the Swiss Stock Exchange on 21 November 2023 was approved by Evolva Holding shareholders at an extraordinary general meeting on 21st December 2023.
Evolva is focused on the research, development, and commercialization of natural ingredients derived from yeast for applications across the flavors and fragrances, health Ingredients cosmetics, and health protection sectors. Evolva is headquartered in Reinach, Basel with 48 employees.
Lars Asferg, President of Lallemand Bio-Ingredients said: āEvolva offers us a strong strategic fit with our yeast-based technology platform. Evolvaās proprietary precision fermentation technology and R&D capabilities present an ideal platform from which to expand our product offering mainly within health ingredients like Veri-te resveratrol and flavor & and fragrance aroma components like Valencene and natural Nootkatone. We look forward to welcoming the Evolva employees into our Lallemand family and continuing to work with suppliers, and existing and new customers in bringing sustainable, yeast-based ingredients based to markets globally via Lallemand’s extensive commercial and operational networkā.
Contact Lallemand Inc.
Lars Asferg President Lallemand Bio-Ingredients
+ 41 79 566 6059
lasferg@lallemand.com
Contact Evolva Holding AG
Doris Rudischhauser
Head of Investor Relations and Corporate Communications
+41 79 410 81 88
dorisr@evolva.com
About Lallemand Inc.
Lallemand Inc. is a family-owned business headquartered in Canada whose focus is on the development, production, and marketing of yeasts, bacteria, fungi, and enzyme solutions across the baking, food ingredients, human and animal nutrition and health, crop protection/nutrition, oenology, brewing, alcohol, and biofuel sectors. Lallemand is present in more than 50 countries, operates more than 48 production plants, and has circa 5,000 employees.
