MONTREAL, CANADA — Lallemand announced the completion of an equity investment in Livzym Biotechnologies through its Swiss affiliate Danstar Ferment AG as part of a strategic collaboration.
“We are committed to making biotechnology one of the answers to the challenges the world faces with respect to nutrition, health and the environment,” said Lars Asferg, president of Lallemand Bio-Ingredients. “Lallemand is a major global producer of yeast and entered the baking enzyme market in 2019 with our proprietary LallZyme range based on our yeast technology. We have since expanded our enzyme presence with acquisitions of the BASF Nutrilife food and Spartec bio-fuel enzymes businesses. The strategic collaboration with Livzym and their fungal development and production platform perfectly complements our position within the enzymes sector. The Inclusion of Livzym’s enzymes within Lallemand’s portfolio will enable us to provide our customers with an exciting range of high-performance enzymes.”
Over the last 9 years, Livzym has created an assortment of enzymes for food and animal feed applications. Lallemand’s investment in Livzym will support the expansion of a recently commissioned enzyme plant near Istanbul that provides state-of-the-art enzyme production capabilities.
“The future of food and agriculture is vital for global sustainability, with biotechnology playing a key role in transforming production technologies,” said Dr. Serdar Uysal, founder and CEO of Livzym. “Livzym is the first industrial enzyme producer to be based in Turkey, enabling us to service customers across the European, Asian, Middle Eastern and African regions. We are very excited about our strategic investment partnership with Lallemand, a leading global fermentation company, seeing it as a significant opportunity to advance sustainability and enzyme and alternative protein technologies through our precision fermentation capabilities.”
As part of the collaboration, Lallemand will market and distribute enzymes from Livzym worldwide and will work in cooperation regarding enzyme production and development in Turkey.
