Paris / FR. (lg) French Lesaffre Group announced that it has purchased Delavau Food Partners, a leading innovator in baking ingredients based in North America. The transaction has closed on July 11th.
«This acquisition will enhance our performance ingredient offering to the baking market. The addition of Delavau to our existing capabilities will bring together great expertise to generate value for our customers». said Tom Benner President and CEO of Lesaffre Yeast Corp. «Our teams are excited for this combination and the possibilities it creates».
Delavau supplies formulation and fortification solutions to bakers. Through its «Encore» line of baking products, Delavau is focused on enzyme based and other dough improvers for softness, shelf life, mold inhibition, dough relaxing and strength. It’s «Accent» line of products give customers unique fortification options for their products. The combination will broaden capabilities using Delavau’s custom formulation and state-of-the-art Baking development center located adjacent to Rutgers University in Central New Jersey not far from New York City.
«This is an excellent opportunity for Delavau employees and customers», said Jeff Billig, Vice President and General Manager of Delavau. «Lesaffre is a company we respect, with a proven track record of success».