France’s InVivo To Buy One Of The World’s Oldest Malthouses
Malteries Soufflet, a branch of French agribusiness group InVivo, has signed an agreement to take over Belgian malthouse Castle Malting, one of the oldest producers of the beer ingredient in the world.
When InVivo announced the takeover of its peer Soufflet late 2021, it said it aimed to become the world’s largest malt maker within five years by doubling the size of its malt business through external growth.
La Malterie du Château
Castle Malting, called ‘La Malterie du Château’ in French, is located near the castle of Beloeil in southern Belgium. Established in 1868, it is the oldest malting plant in the country and one of the oldest in the world.
Belgium is famous for its beers offering a large variety of flavours, colours and alcohol strengths. It is also a major malt producer with exports to more than 160 countries.
Castle Malting would give Malteries Soufflet the opportunity to develop its activity in the higher value-added craft beer market where it is not very present, InVivo said.
The acquisition is due to be finalised in the first quarter, it said. Financial details were not immediately available.
Related news
Italian cured meat business Trinità acquired by local investor
Fondo Italiano d’Investimento said it will aim to consolidate Trinità’s…
Read more >Zamárdi’s own beer also debuted at the Balaton Beer Weekend
From Friday afternoon to Sunday night, guests could taste 40…
Read more >The Body Shop: Beauty industry tycoon closes in on deal
Entrepreneur Mike Jatania, who made his fortune building cosmetics brands,…
Read more >Related news
Tetra Pak has announced that Alex Henriksen will be the managing director of the Eastern European region
Tetra Pak, one of the world’s leading food processing and…
Read more >Coca-Cola Hungary has developed new educational modules on waste circulation
After the online curriculum on the basics of the circular…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >