The Muscle Mag
The acquisition of Evolva from parent company Evolva Holding by a Lallemand subsidiary based in Switzerland Danstar Ferment was completed last month in December 2023.
The transaction was initially announced to the Swiss Stock Exchange on 21 November and was approved by Evolva Holding shareholders at an extraordinary general meeting in late December.
Headquartered in Reinach, Basel, Evolva has 48 employees and specializes in research, development, and commercialization of natural ingredients derived from yeast for various sectors including flavors and fragrances, health ingredients, cosmetics, and health protection.
Lallemand, a global organization with a presence in over 50 countries including the UK, operates 48 production plants and employs around 5,000 people. The family-owned business focuses on the development, production, and marketing of yeasts, bacteria, fungi, and enzyme solutions across different sectors such as baking, food ingredients, human and animal nutrition, health, crop protection, oenology, brewing, alcohol, and biofuels.
Lallemand Bio-Ingredients president Lars Asferg stated that Evolva is a “strong strategic fit” alongside the firm’s yeast-based technology platform. He also expressed excitement about expanding their product offerings, especially in health ingredients and flavor and fragrance aroma components, with the addition of Evolva.
Heineken has sold the historic Caledonian Brewery site, which opened in 1869, to property development firm Artisan Real Estate. The site, which has been closed since May 2022, was put on sale in November of the same year.
