History

Milestones

1883   Lahden Polttimo was established as a spirits distillery (Lahti, Finland).

1897   Yeast production started.

1934   Malt production started.

1971   Nord-Malt AB was established, maltings in Söderhamn, Sweden.

1979   Oy Maltax Ab was established.

1984   Maltax’s new malt extract factory started production.

1984   Oy Biofincon Ab was established.

1988   Finnish Yeast was established.

1998   LP Research Centre was established.

1993   Finnish Yeast the only yeast factory in Finland
          after acquisition of Rajamäki yeast factory.

1993   AS Saku Linnas, malting house in Estonia (closed down in 1999).

1994   Nordic Yeast was established.

1995   Nordic Yeast bought in auction 51 % of shares in Rigas Raugs in Latvia.

1997   Svenska Malt AB was established, maltings in Halmstad, Sweden.

1997   JV of UAB Litmalt was acquired, maltings in Panevezys, Lithuania.

2002   Viking Malt Oy was established. Maltings in Finland, Sweden and
           Lithuania.

2003   Nordic Yeast sold its shares in Rigas Raugs to its owners Polttimo and Jästbolaget.

2004   Investment in new malt houses in Halmstad (Sweden) and
           Panevezys (Lithuania).

2004   Doubling of malt extract capacity at Maltax.

2005   Viking Malt malting house in Söderhamn (former Nord-Malt)
           was closed.

2006   Finnish Yeast Ltd sold to Lallemand GmbH.

2007   Polttimo sold its shares in Rigas Raugs, Latvia.
           Polttimo sole owner of Biofincon after acquiring the shares previously owned by
           ICI.