FRANCE: Merger creates malt giant
A merger between a French and Belgian malt producers is to produce one of the largest malt suppliers in the world.
French grain cooperative Epis-Centre said on Monday it will merge its malting activities with Belgium's Boortmalt NV. The new group will have a malting capacity of 500,000 tonnes a year through its plants in Belgium, France, Croatia and China. It will operate under Boortmalt management in Antwerp.
The deal sees Epis-Centre acquire shares in Boortmalt, the company said. However, no financial details were given.
"As worldwide beer consumption grows, mainly in South America, Asia and eastern Europe, the ability to serve all customers with superior quality standards is a strong asset," Epis-Centre said in a statement.
Sectors: Beer & cider
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