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
Czech breweries brewed 20.9 million hectoliters of beer last year
Last year, Czech breweries brewed 20.9 million hectoliters of beer,…
Read more >International Home Brewers Competition on Saturday in Főzdepark
Free programs, brewery tours and the best homebrews from nine…
Read more >Heineken launches campaign for offline meetings
More than half of adults feel overwhelmed by their presence…
Read more >Related news
15 thousand people in Népliget: the 30th ALDI Women’s Running Gala was a celebration of women’s running
The first day of summer brought the biggest women’s running…
Read more >The foot-and-mouth disease epidemic is slowly ending, but a solution must be found to its economic effects
The foot-and-mouth disease epidemic affecting even-toed ungulates broke out in…
Read more >Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >