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DSM-Firmenich has completed the sale of its yeast extract business to Lesaffre, a French company specialising in fermentation and microorganisms.
The deal, initially announced in June, will see 46 DSM-Firmenich employees transfer to Lesaffre.
As part of the transaction, Lesaffre will supply yeast extracts to DSM-Firmenich for its Savory business, and the two companies will enter a technology partnership to develop yeast extracts.
The acquisition, alongside the tech partnership, will enhance Lesaffre's position in the savory ingredients market, strengthening its R&D capabilities and expanding its product range in savory and fermentation-based applications.
Financial terms of the agreement were not disclosed.
#DSMFirmenich #Lesaffre #France
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