Angel Yeast is expanding its business and production and acquired the Chinese yeast company, Bio Sunkeen. The RMN60 million ($9.2 million) acquisition will be held under a new joint venture called Angel Yeast (Jining). 

Bio Sunkeen has an annual production output of 15,000 tons of yeast and yeast extract products for the feed and food industries. This acquisition will help Angel Yeast quickly fill its yeast capacity gap and expand the yeast production channel with corn hydrolyzed sugar as raw material, to ensure market demand and supply, the company told Aquafeed.com.

“Feed and feed additives are also one of the main businesses of Bio Sunkeen, and its acquisition will help us expand our business in aquatic feed to better serve more aquaculture farmers,” the company said.

Business expansion and R&D

Angel is continuously expanding its investments in the bio-industry, from yeast to enzymes for food and feed raw materials. The company recently integrated overseas business of different application fields and established six overseas business divisions and, in the future, six subsidiaries. The most recent subsidiary created in Singapore will initially focus on Singapore, Malaysia, India and Indonesia. Its main business covers baking, animal and plant nutrition, food technology and biotechnology applications.  

The company also opened an industry technology R&D center in Yichang City, Hubei Province in central China and is performing research on new yeast applications in animal nutrition, including aquafeeds, poultry, pigs and pets, among others. “In the field of aquatic products, we have new results and a number of new products are ready to go online,” the company told Aquafeed.com.