Fermex Australia Pty Ltd was founded in 1969 by Dr. Cedric Axelsen and grew the business to become a prominent supplier of yeast and general baking goods to the bakery and pastry industry. In January 1995, Lesaffre Australia Pacific purchased Fermex, and continues to deliver quality Fermex Yeast from their large “state of the art” yeast manufacturing facility in Dandenong, Victoria.