Ownership of Ohly's yeast production site in Hutchinson, MN to be transferred to Lallemand with long term supply agreement in place
Ohly announced that it has agreed to divest its Hutchinson Torula Yeast facility and associated Torula whole cell business to Lallemand, a global producer of yeast and bacteria based products, with immediate effect. The divestiture follows a strategic review by Ohly to find a partner to better utilize and sustainably secure the future of the Hutchinson site.
“We are proud of the vital role that the Hutchinson site has played in enabling Ohly Americas to expand in the North American yeast market," said Ralf Fink, CEO, Ohly. “We believe this transfer of ownership will yield important benefits for our partners, customers and employees by ensuring the continued delivery of whole cell yeast products to its existing customers whilst providing job security for the Hutchinson site team, whose valuable contributions we are deeply grateful for.”