Cargill sells malt business to Axéréal

By Beth Newhart contact

- Last updated on GMT

The sale is expected to boost Axéréal's global malt footprint.
The sale is expected to boost Axéréal's global malt footprint.

Related tags: Cargill, Mergers and acquisitions, Malt

French grain cooperative Axéréal will acquire Cargill’s malt business under the Axéréal malt subsidiary Boortmalt, affecting 15 global facilities and more than 500 people.

Cargill has been a fixture in the malt business since 1979 with its family of brands Cargill Malt, Prairie Malt and Joe White Maltings. The sale of the malt business was announced at the end of December.

According to Cargill, the malt network it has sold to Axéréal “spans the four primary barley growing regions of the world,”​ where its facilities “produce over two million metric tons of high quality malt annually.”

Boortmalt is a leading supplier of malt for brewers, distillers and micro-brewers, operating 10 malting plants in Europe that produces more than a million tons of malt per year.

The sale will allow Boortmalt greater access to a global footprint and “offer further growth opportunities for Cargill's Malt business and its people,”​ according to Cargill. The deal is expected to close in the second half of 2019.

Axereal has 13,000 cooperative members and 3,200 employees and uses its site in Antwerp, Belgium, to export 50% of its total production to emerging markets.

Related products

show more

Accelerate your supply chain as pressures intensify

Accelerate your supply chain as pressures intensify

WRBM - Healthy and Natural | 17-Sep-2018 | Technical / White Paper

Food, Drink and Non-Food manufacturers are under pressure. Range reviews, massive retail mergers, the backlash against plastic packaging and the ongoing...

Shelf life protection has now become cleaner & simpler

Shelf life protection has now become cleaner & simpler

Kancor Ingredients Limited | 01-Jun-2018 | Technical / White Paper

Ever wished your packaged foods stayed fresh longer? Well, the major reason that affects the food deterioration is the auto-oxidation of lipids which impacts...

Technologies for processing Fruit & Vegetables

Technologies for processing Fruit & Vegetables

John Bean Technologies (JBT) | 07-Mar-2018 | Application Note

JBT is a prime solutions and equipment provider within the fruit and vegetable industry.

From preparation to preservation, conveying and...

Related suppliers

comments

Post your comment

We will not publish your email address on the website

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Follow us

Products

View more

Webinars