Sector News

Axereal to acquire Cargill’s malt operations

December 21, 2018
Food & Drink

Axereal, one of France’s leading cereal cooperative groups specializing in growing and processing cereals for the brewing, baking and livestock industries, has reached an agreement under which its Boortmalt subsidiary intends to acquire Cargill’s malt business. Financial terms of the transaction, which would include 15 facilities across 4 continents and more than 500 employees, were not disclosed.

“This transaction would give Boortmalt access to a global footprint and offer further growth opportunities for Cargill’s malt business and its people,” the companies said.

Boortmalt operates 10 malting plants in Europe and produces and sells more than a million tonnes of malt a year. Boortmalt uses its strategic site at Antwerp, Belgium, to export 50% of its total production to emerging markets. A market leader in the United Kingdom and Ireland, Boortmalt is a recognized producer of whiskey and specialty malts.

Cargill entered the malt business in Europe in 1979 and today serves the brewing, food and beverage industries by originating and transforming malting barley into malt. The company’s malting operations are located in the United States, Canada, Argentina, Australia, Belgium, Germany, France, Spain and The Netherlands.

By Eric Schroeder

Source: Food Business News

comments closed

Related News

January 22, 2023

Danone unveils plan to cut methane emissions

Food & Drink

The company expects to eliminate 1.2 billion tons carbon dioxide equivalent of methane emissions by the end of the decade. The company says that it already reduced its methane emissions by around 14% between 2018 and 2020.

January 22, 2023

US researchers land US$2.4M to turn food waste into “affordable” bioplastics

Food & Drink

The “first-of-its-kind” pilot project will develop and demonstrate an affordable modular bioprocessing system to produce biodegradable bioplastics from food waste diverted from landfills. The three-year grant will test the scalability and feasibility of the conversion on a national and global scale.

January 22, 2023

Arkeon partners with ICL to transform CO2 into proteins

Food & Drink

Arkeon is allying with specialty mineral giant ICL to support the scaling of its fermentation bioprocess that converts CO2 into the 20 proteinogenic essential amino acids needed in human nutrition. The process, hailed as carbon negative, is based on the use of archaea, a group of microorganisms that naturally feeds off the greenhouse gas.

How can we help you?

We're easy to reach