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Karanovic & Nikolic and Linklaters Advise on Serbian Baking Yeast Factory Sale

Karanovic & Nikolic and Linklaters Advise on Serbian Baking Yeast Factory Sale

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Karanovic & Nikolic has advised Alltech, a global animal and crop nutrition company, on selling its baking yeast factory in Senta, Northern Serbia, to Lesaffre, a global baking yeast and fermented products company. Lesaffre was advised by Linklaters Brussels. 

According to Karanovic & Nikolic, “the acquired factory will continue to produce baker's yeast for the Serbian market and yeast extracts for the food and animal feed industries. The transaction is in line with Alltech's continued focus on its core business in animal and crop nutrition.”

Alltech is headquartered outside of Lexington, Kentucky, in the United States. With expertise in yeast fermentation, solid state fermentation, and the science of nutrigenomics, the company is a producer and processor of yeast additives, organic trace minerals, feed ingredients, premix, and feed.

Lesaffre, which was founded in northern France in 1853, is a multi-national and a multicultural company which designs, manufactures, and markets solutions for baking, food taste and pleasure, health care, and biotechnology.

Karanovic & Nikolic's team included Partner Ivan Nonkovic and Junior Associates Milijana Tomic and Marko Culafic. 

The Linklaters Brussels team was led by Competition Partner Bernd Meyring and Corporate Partner Eric Pottier. 

 

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Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

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We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

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In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/

 

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