Angel Yeast forms joint venture to acquire maker of yeast, yeast extracts - NewsBreak

YICHANG, CHINA – Angel Yeast Co., Ltd. has established a joint venture to invest $15.4 million to acquire Shandong Bio Sunkeen Co., Ltd., Shandong Province, China. Angel Yeast partnered with Shandong Lufa Holding Co. to establish Angel Yeast (Jining) Co., Ltd., which will acquire relevant assets of Bio Sunkeen's yeast product production. Angel Yeast, Yichang, has contributed $9.2 million. Shandong Lufa has contributed $6.2 million.