Harmonium International Inc. has sold a minority stake to Lallemand
Laboratories Stand has sold a minority sake in Harmonium International Inc. to Lallemand for US$30 million.
Lallemand is a global leader in the development, production and marketing of yeast, bacteria and specialty ingredients.
Laboratoires Standa develops and commercializes products which maintain the original quality of food products (ATCO and SANICO ranges) and brings under control the fermentation of dairy products.
Oaklins' team in Montreal, Canada, acted as the exclusive advisor to the seller in this transaction.
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