Lesaffre Acquires 70% Stake in Biorigin from Zilor
October 4, 2024
Lesaffre has agreed to acquire a 70% majority stake in Biorigin, a yeast-derivatives business unit of Brazilian agribusiness Zilor, with Zilor retaining a 30% interest. The deal (subject to customary approvals, including CADE) gives Lesaffre control of Biorigin's production footprint in São Paulo (including a plant in Quatá) and is intended to expand Lesaffre's yeast-derivative capabilities and global savory-ingredient supply; the move follows Lesaffre's related collaboration to acquire DSM-Firmenich's yeast-extract go-to-market organization and know-how.
- Buyers
- Lesaffre
- Targets
- Biorigin
- Sellers
- Zilor
- Industry
- Food & Beverage
- Location
- São Paulo, Brazil
- Transaction Type
- Divestiture
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