Lesaffre Acquires Butalco to Increase Presence in Biofuels
24 Jul 2014 --- Shortly after launching the new business unit Leaf Technologies (LESAFFRE ADVANCED FERMENTATION TECHNOLOGIES) dedicated to the development and sales of value added fermentation solutions to the bioethanol and bio based chemicals industries, Lesaffre are proud to announce their acquisition of the start-up Butalco.
Founded in 2007, Professor Eckhard Boles and Gunter Festel as spin off of the Goethe University of Frankfurt. Butalco is a research company focused on yeast technology and the development of yeast strains for second generation of biofuels and bio based chemicals.
“The acquisition of Butalco and its IP portfolio is a strong asset to further optimize our commercial offer for second generation fuel ethanol and will be a component of our value-added solutions for renewable chemicals”, says Didier Masy, General Manager of Leaf Technologies.
“Our team is very pleased, that our technological achievements will be commercialized on a global scale by Lesaffre – a partner with whom we have worked very closely for years.” says Gunter Festel, CEO of Butalco.
