12 August 2021 - Shandong Bio Sunkeen Co., Ltd., a China-based manufacturer of yeast products for human and animal nutrition, has been acquired by Angel Yeast with the help of an investment entity called Shandong Lufa Holding Company, a Bio Sunkeen spokesperson confirmed to Feedinfo this morning.
The acquisition is expected to be effective this month and held under a joint venture company called Angel Yeast (Jining).
Bio Sunkeen's products for the animal nutrition market include yeast cell walls, yeast powder, yeast hydrolysate, bacillus subtilis, selenium yeast, active feed dry yeast.
The acquisition is in line with Angel Yeast's vision of strengthening its position as a leading Asian yeast company.
The deal has been estimated at RMB 100 million ($15.4 million).
