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.