Canadian company Lallemand, which researches, develops, produces, markets and distributes yeast and bacteria, has acquired Atlanta, Georgia-based North American Bioproducts Corporation (NABC), a provider of yeast and fermentation adjuncts as well as support and education services for the ethanol industry, to form a larger business to make ethanol.
This new Business Unit, yet to be named, will be headquartered in Atlanta, Georgia, and managed by NABC Founder, Kevin Dailey.
Said Jean Chagnon, President of Lallemand; “This transaction underscores Lallemand’s commitment to continued investment to better serve the biofuels and distilled beverage markets worldwide.”
“We are very pleased to have the opportunity to bring together two successful companies” said Bill Nankervis, President of Lallemand’s Specialties Division. “This will increase our market reach and enhance our capability to commercialize new technologies such as the TransFerm yeast. Our customers and our people, as always, will remain top priorities throughout the merger process.”
Lallemand employs about 2,400 employees located in more than 36 countries worldwide.