Clearwater International advises Lesaffre on the acquisition of Tecno Bakery

Clearwater International has advised Lesaffre, one of the world’s leading specialists in yeast and fermentation, on its acquisition of Tecno Bakery, a developer of innovative enzyme applications.

Headquartered in France, Lesaffre is one of the world’s leading specialists in yeast and fermentation. Lesaffre designs, manufactures and markets innovative solutions for baking, food flavourings, health and biotechnology. The company, which has 55 plants in 40 countries, generated revenue of nearly €1.8 billion in 2015.

Tecno Bakery is a Spanish company whose main activity is the development of innovative and custom enzymatic applications for the milling, baking, and fruits and seeds sub-sectors.

The Clearwater International team was led by Partner Francisco Gomez.

“This is another great transaction for our Food and Beverage team, which in recent years has completed numerous deals in the food and feed ingredients sub-sector including Iberchem, Nutrafur and Secna.”

Francisco Gomez, Partner, Clearwater International