Alltech - a leading global animal and crop nutrition company, sold its baking yeast factory in Senta, in northern Serbia, to Lesaffre - a leading global baking yeast and fermented products company. The acquired factory will continue to produce baker's yeast for the Serbian market and yeast extracts for the food and animal feed industries. The transaction is in line with Alltech's continued focus on its core business in animal and crop nutrition.
Karanović & Nikolić provided sell-side advisory services in this acquisition, and the team included partner Ivan Nonković, Milijana Tomić and Marko Ćulafić. The services performed included structuring of the transaction, as well as drafting and negotiating the transaction documents.
"Alltech is pleased to sell this facility to a family group recognised internationally for its professionalism and the quality of its products and services. It is the perfect company to acquire and drive the business for future growth. Alltech meanwhile will continue to focus on its core activities following unprecedented growth in recent years", stated Alric Blake, CEO of Alltech.
Alltech, with its headquarters outside of Lexington, Kentucky, USA, has a strong presence in all regions of the world. With expertise in yeast fermentation, solid state fermentation and the science of nutrigenomics, the company is a leading producer and processor of yeast additives, organic trace minerals, feed ingredients, premix and feed.
Lesaffre, a multi-national and a multicultural company based in northern France with a EUR 2 billion turnover, employs more than 10.000 people in more than 75 subsidiaries based in 50 countries.