MONTREAL — Lallemand Inc. has acquired Hattiesburg, Miss.-based USA Yeast, L.L.C., one of the largest producers of bakers cream yeast in North America. Financial terms of the transaction were not disclosed.
Opened in 2002, USA Yeast operates a yeast production plant in Hattiesburg. The acquisition of the Hattiesburg facility now provides Lallemand/American Yeast with its fourth North American yeast production plant.
“USA Yeast brings to us a high quality group of employees and a modern, well-maintained facility,” Lallemand said. “The Hattiesburg location complements our existing plant locations and provides us the ability to serve our customers from an improved geographic footprint. We are pleased to continue to invest in the North American yeast market and welcome the addition of USA Yeast to our company. ”
Mike Lavalle, founder of USA Yeast, L.L.C., will remain with the company and serve as an adviser to Lallemand in an ongoing role.
