BASF has entered into a binding agreement with Danstar Ferment AG, a subsidiary of Lallemand Inc, to divest its BASF Nutrilife® baking enzymes portfolio and business. Nutrilife® enables food suppliers to produce affordable, healthy and attractive food products while contributing to more efficient use of resources.
“Cooking enzymes are not a strategic fit for BASF. With Lallemand we have found the perfect partner to strategically pursue and strengthen our cooking enzymes business and become a reliable supplier. “We will accompany the transaction to ensure a smooth handover for our customers,” said Michael de Marco, Vice President of BASF Global Business Management Enzymes.
Lallemand has recently been involved in the development and production of enzymes. The acquisition of the Nutrilife® cooking enzymes portfolio and business will further expand their product portfolio and geographic footprint.
“We look forward to continuing to provide Nutrilife® customers with access to innovative ingredients based on enzyme expertise as well as Lallemand yeast and bacterial technology platforms,” said Lars Asferg, President of Lallemand Bio-Ingredients.