Lallemand Inc. acquired CerealTech Pte Ltd, a bakery ingredient business based in Singapore, for an undisclosed amount. Lallemand will integrate the business and associated employees into its Lallemand Baking Solutions (LBS) business as of October 15. CerealTech will continue to operate from Singapore under its existing branding and with its current operations and commercial teams.

“I believe that the combination of CerealTech experience, passion, and commitment to the baking industry, with Lallemand’s own ingredients portfolio, industrial application knowledge, and innovation capabilities, will benefit our respective customers. As such, together, we will be even better placed to meet our customers’ requirements,” said Mario Pires, President and General Manager of LBS. “We see the capabilities of the CerealTech team, its baking application know-how, its geographical footprint, and its strong brand recognition as very complementary to our current business and a strong foundation for LBS growth in these regions.”

“CerealTech is looking forward to being part of the Lallemand family as this will give us even better innovation capabilities to serve the baking industry, strengthening our established foundation in the markets we operate,” said Foo Koo Kin, founder and CEO of CerealTech.

Photo: LBS