Lallemand acquires Danish yeast plant

December 6, 2007 – Montreal, Que.– Lallemand announces the acquisition
on October 29 of the yeast and molasses alcohol factory in Grenaa ,
Denmark, from V&S Distillers, leader of the Northern European
spirits market. The Grenaa yeast plant, registered as De Danske
Gærfabrikker A/S, currently employs a staff of around 80 people.

December 6, 2007 – Montreal, Que.– Lallemand announces the acquisition on October 29 of the yeast and molasses alcohol factory in Grenaa, Denmark, from V&S Distillers, leader of the Northern European spirits market. The Grenaa yeast plant, registered as De Danske Gærfabrikker A/S, currently employs a staff of around 80 people.
This plant supplies most of the baker’s yeast needs of Denmark and of the molasses alcohol needs of V&S. It has also, since 1988, been supplying a significant portion of Lallemand’s specialty yeast needs for the world markets.
The acquisition will strengthen Lallemand’s baker’s yeast market position in Europe and increase its production capacity to respond to the growing needs of the industry for its specialty yeasts worldwide.
For V&S Distillers, the move is part of the group strategy to focus on its core business, which is the production, marketing and sale of branded spirits.
"Lallemand plans to make Grenaa the flagship plant of the specialty yeast and yeast extract business as well as a major source for its needs of baker’s yeast in Europe," says Jean Chagnon, president of Lallemand Inc. "We count on the continued leadership of Per Rasmussen, president and general manager of De Danske Gærfabrikker A/S, and Thomas Borg, factory manager and their team and the support of the other Grenaa workforce to achieve this."