Axéréal to Acquire Cargill's Malt Business

Cargill and Axéréal announce their intention to enter into an agreement under which Cargill will sell its malt business to Axéréal's malt subsidiary, Boortmalt.

The transaction involves the global malt business, including 15 facilities across four continents, representing more than 500 people.

This transaction would give Boortmalt access to a global footprint and offer further growth opportunities for Cargill's Malt business and its people.

Boortmalt is one of the world's leading maltsters with a long-term commitment to the malting industry.

Cargill Malt serves the brewing, food, and beverage industries by originating and transforming malting barley into malt.

Entry into the sale agreement is subject to information and/or consultation procedures with the appropriate employee representative bodies. The transaction will be subject to regulatory and other approvals and is expected to close in the second half of 2019.