WALTHAM, Mass. & MONTREAL, Q.C.--(BUSINESS WIRE)--Mascoma Corporation, a leader in advanced bioconversion products, announced today that it has completed the sale of its yeast business to Lallemand Inc., a privately owned company that researches, develops, produces and markets yeasts, bacteria, and related products. As part of the transaction, Lallemand has acquired the Mascoma company name and trademarks, all of its proprietary and patented yeast strains and associated technologies, as well as its entire research and development team located at its facility in Lebanon, NH.
Lallemand and Mascoma have been partners in the successful commercialization of the TransFerm line of products, including TransFerm and TransFerm Yield+, to the corn ethanol industry. The TransFerm products, which to date have been used to produce over 2 billion gallons of renewable fuel, will continue to be developed, marketed and sold by Lallemand s Biofuels & Distilled Spirits (LBDS) business unit.
Mascoma Corporation is a provider of leading technology for the conversion of biomass to fuels and chemicals. Using its proprietary consolidated bioprocessing, or CBP, technology platform, Mascoma has developed bioengineered yeasts to reduce costs and improve yields in the production of renewable fuels and chemicals. Mascoma s first commercial application of its technology platform are its Mascoma Grain Technology, or MGT, yeast products, which are drop-in substitutes for existing yeasts designed to improve the economics of corn-based ethanol production. Mascoma is pursuing other commercial applications of its CBP technology and is partnering with companies that operate or plan to operate facilities that produce cellulosic ethanol. For more information on Mascoma, please visit www.mascoma.com or follow us on Twitter @MascomaCorp.
Lallemand Inc. is a privately held Canadian company specializing in the research, development, production, marketing and distribution of yeast and bacteria. Lallemand has approximately 2,750 employees located in more than 36 countries on 5 continents. For more information on Lallemand please visit www.lallemand.com
About Lallemand Biofuels & Distilled Spirits
Lallemand Biofuels & Distilled Spirits (LBDS) is a business unit of the Canadian yeast and bacteria producer Lallemand, Inc. Based in Duluth, GA, Lallemand Biofuels & Distilled Spirits is the leading supplier of fermentation ingredients and value creating services to the global fuel ethanol and distilled beverage industries. For more information on LBDS, please visit www.lallemandbds.com
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