Lallemand acquires Evolva for $24 million
In Canada, yeast-based ingredients maker Lallemand has acquired Evolva, a biotech firm based in Switzerland. The acquisition by Lallemand subsidiary Danstar Ferment AG is valued at around $24 million, with the potential for an additional $11.75 million if certain targets are met, according to vegconomist. Evolva develops yeast-derived ingredients for use in flavors and fragrances, […]
