Lallemand acquires Lake States Yeast Co.

NEWS HIGHLIGHT

Lallemand acquires Lake States Yeast Co.
Lallemand Inc. has acquired Lake States Yeast Co., a division of
the Wausau Paper Group. Lake States Yeast is a leading producer of inactivated
torula yeast operating in Rhinelander, Wis.

Aug. 5, 2009, MONTREAL – Lallemand Inc. has acquired Lake States Yeast Co., division of
the Wausau Paper Group. Lake States Yeast is a leading producer of inactivated
torula yeast operating in Rhinelander, Wis.




Lake States Yeast LLC will operate
as a separate unit within Lallemand, but its product portfolio will be
integrated into the Lallemand Bio-Ingredients division, complementing the inactive
yeasts and yeast extracts produced in Montreal, Salutaguse (Estonia)
and Grenaa (Denmark).

Lallemand Bio-ingredients was
created as a division of Lallemand Inc. in order to produce value added
products to complement the growing need in savory and nutritional markets.
Today, the term 'inactive yeast' is synonymous with nutrition. The food and
nutraceutical industries actively recognize the health benefits of consuming
inactive nutritional yeast.

Lallemand Bio-Ingredients offers a
complete line of inactive yeast products including: Yeast Extracts, Engevita premium
inactive yeast, vitamin enriched nutritional yeasts, inactive brewers yeast as
well as Fermentation Nutrition Ingredients (FNIs). Lallemand has one of the
largest yeast strains collections worldwide and the Lake States Torula
production is an ideal complement to the broad product portfolio Lallemand
already offers to the market.

The Bio-Ingredients team continues
to focus on developing markets in food and fermentation ingredients – investing
heavily in the production of inactive yeasts, yeast extracts and yeast
derivatives in the existing plants in Denmark, Estonia, Canada and now the United States. The Lake States acquisition is in this respect a coherent expansion of
these efforts in order to offer the best possible product portfolio to our
customers all over the world in the food, flavor, fermentation and
nutraceutical markets.

Lallemand Inc. is a privately held
Canadian company specializing in the research, development, production,
marketing and distribution of yeast and bacteria. Lallemand has approximately
2,200 employees located in more than 30 countries on all continents. For more
information about Lallemand, please visit www.lallemand.com .