Eurogerm

What Eurogerm does

Eurogerm SA, headquartered in Saint-Apollinaire, France, is a B2B manufacturer and formulator of specialty ingredients for the wheat-flour-bread-pastry value chain. Founded in 1989 and listed on Euronext from 2007 until a 2021 LBO by Naxicap Partners (BPCE group affiliate) and company managers, the company employs approximately 790 people across 15 wholly-owned subsidiaries spanning Europe, Africa, the Americas, and the Middle East. Its product portfolio spans flour correctors, bread-improving agents, enzyme complexes, premixes for specialty breads and Viennoiserie, pastry and traiteur pre-products, and — since the 2024 inauguration of its Saint-Apollinaire bio-fermentation plant — inactivated sourdoughs and fermented cereal ingredients marketed under the LEVAROM range.

The company's technology stack is built on more than 30 years of accumulated cereal-science expertise, codified in a proprietary database of over 4,000 formulation mixes and a portfolio of 600+ ingredient references. Core technical capabilities include proprietary analytical methods (ANALYTIC'ALL for enzyme activity, CHRONOTEC for rheological evaluation, QUALITEC for sensory profiling, TEXTUROMETER for texture analysis), an in-house R&D center (ETIC, with 600 m² of laboratory and 700 m² of pilot facility in Quetigny), and vertical integration into bio-fermentation manufacturing. Output capacity is approximately 2,500 custom formulations per year.

Eurogerm operates a direct, sales-led go-to-market model through its international subsidiary network, supported by technical sales representatives and on-site customer assistance. Revenue is generated almost entirely through one-time product sales of formulated ingredients and tailored services to industrial bakers, millers, pastry professionals, and other food-industry customers; pricing is quote-based and not publicly disclosed. With €210 million of revenue reported for fiscal year 2024 and 71% of activity generated outside France, the company derives the bulk of its turnover from international markets, providing both geographic diversification and exposure to regional wheat and bakery sector dynamics.

Name

Eurogerm

Legal name

Groupe EUROGERM

Website

https://eurogerm.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Eurogerm SA is a France-based B2B formulator and producer of specialty ingredients — flour correctors, bread-improving agents, premixes, and bio-fermented cereal ingredients — serving millers, industrial bakeries, pastry professionals, and other food manufacturers across 13 countries.

Ownership category

akta.pro rank

Product category

Food Ingredients

NAICS

Dry Pasta, Dough, and Flour Mixes Manufacturing from Purchased Flour (311824), Bread and Bakery Product Manufacturing (31181)

SIC

Bakery Products (2050), Food And Kindred Products (2000)

akta.pro primary industry

Baking Mixes, Doughs & Batters Manufacturing (AFAKAAAE)

akta.pro secondary industries

Grain-Based Mixes & Doughs Manufacturing (pancake/waffle mixes, baking mixes, dough bases) (AFAKABAF), Refrigerated & Frozen Doughs and Batters Manufacturing (AFAKACAM)

Keywords

• Flour correctors
• Bread improvers
• Baking ingredients
• Cereal premixes
• Bio-fermentation ingredients

Headquarters

HQ city

Saint-apollinaire

HQ country

France

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Ingredients and solutions sales: EUROGERM designs, manufactures, and commercializes flour correctors, bread-improving agents, technical ingredients, and pastry/traiteur pre-products. The company generates revenue through the sale of formulated ingredient products to millers, industrial bakeries, pastry/traiteur professionals, and other food industries. Export sales represent 71% of total activity as of December 31, 2024.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Eurogerm designs, manufactures, and commercializes flour correctors, bread-improving agents, enzyme complexes, premixes, and bio-fermentation-based ingredients (including inactivated sourdoughs under the LEVAROM range) for the wheat-flour-bread-pastry sector. The company produces roughly 2,500 custom formulations per year from a portfolio of more than 600 ingredient references and operates dedicated manufacturing plants and an R&D center (ETIC) in France.

Differentiator

Problem solved

Functional benefit

Brands

• Eurogerm KB: Subsidiary in USA formed from fusion of EUROGERM USA and KB Ingredients
• LEVAROM
• ETIC
• EUROGERM academy

Products and services

• Flour Correctors
• Bread-Improving Agents
• Premixes for Special Breads and Viennoiseries
• Enzyme Complexes
• LEVAROM Bio-Fermentation Ingredients
• CREALIM Pâtisserie Preparations
• Sustainable Ingredient Ranges (CO2MMITTED and UPCY)
• Cereal-Based Ingredients for Other Agri-Food Industries
• Custom Formulation Service
• ETIC R&D Center Co-Development Services
• EUROGERM Academy Technical Training

Quantifiable outcome

• 2,500 custom formulations per year
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

One partnership is on record.

• UN Global CompactminorOthers · 1 January 2011EUROGERM has been a signatory to the UN Global Compact since 2011, adhering to its 10 principles covering human rights, labor rights, environmental protection, and anti-corruption.

Scale indicators9 records

Recent moves14 records

Expansion highlights6 records

Broad incumbents

• Corbion: Specialist in lactic acid, algae-based ingredients, and preservation solutions for bakery and food. Comparable to Eurogerm on bakery-focused ingredients and shelf-life solutions, though at a larger scale and with adjacent categories like bioplastics.
• IFF (International Flavors & Fragrances): Large specialty ingredients platform with enzymes, cultures, and food protection products. Comparable to Eurogerm on the enzyme/ingredient supply side, but serves a much wider range of food categories beyond bakery.
• Kerry Group: Global taste and nutrition company with bakery and cereal-based ingredient systems. Competes with Eurogerm in bakery premixes and functional ingredients, but addresses a much broader food and beverage customer set.
• Novonesis (formerly Novozymes & Chr. Hansen): Global enzyme and microbial solutions giant serving food, beverage, and bioenergy. Overlaps with Eurogerm in baking enzymes and fermentation, but operates at much larger scale with a broader portfolio beyond the wheat-flour-bread-pastry niche.
• dsm-firmenich: Global nutrition, health, and ingredients major with food-enzyme and bakery solutions. Provides enzymes and fortification solutions overlapping with Eurogerm's offerings, but competes from a far larger and more diversified portfolio.

Direct peers

• Lesaffre: Global leader in yeast and fermentation-based bakery ingredients serving millers, industrial bakers, and artisanal bakers. Closely comparable to Eurogerm through overlapping bread-improvement product lines, baking enzyme expertise, and worldwide subsidiary network.
• Lallemand: Specialist in yeast, bacteria, and fermentation-derived ingredients for baking and biotechnologies. Directly comparable to Eurogerm in flour correctors, sourdough/levain technologies, and baking enzymes, with similar diagnostic-and-accompaniment customer model.
• Bakels Global: Swiss-headquartered supplier of baking ingredients, mixes, and improvers to industrial and craft bakers worldwide. Comparable to Eurogerm through overlapping premix and bread-improver offerings and a similar multi-country subsidiary distribution model.
• AB Mauri: Associated British Foods' bakery ingredients division producing yeast, bakery mixes, dough conditioners, and frozen dough. Comparable to Eurogerm through its bread-improver portfolio, premixes for industrial bakeries, and global footprint across milling and bakery segments.
• Puratos: Belgian bakery, patisserie, and chocolate ingredients supplier with a global subsidiary network. Directly competes with Eurogerm in bread improvers, sourdough, and patisserie premixes, serving the same industrial bakery and artisanal customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/EUROGERM
• Facebookfacebook.com/eurogerm
• LinkedInlinkedin.com/company/eurogerm

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries15 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eurogerm