PARIS, Jan 2 (Reuters) – Malteries Soufflet, an arm of French agribusiness group InVivo, said on Monday it has signed a deal to take over Belgian malthouse Castle Malting, one of the oldest producers of beer in the world. is one of the
When InVivo announced its acquisition of peer Soufflet in late 2021, it said it aimed to become the world’s largest malt producer within five years by doubling the size of its malt business through external growth.
Castle Malting, called “La Malterie du Château” in French, is located near the castle of Beloil 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 which offer a wide variety of flavours, colors and strengths of alcohol. It is also a major malt producer with exports to over 160 countries.
InVivo said Castle Malting will give Malteries Soufflet the opportunity to develop its activity in the high value-added craft beer market where it is not very present.
The acquisition is to be finalized in the first quarter, it said. Financial details were not immediately available.
Reporting by Sybille de La Hamide; Editing by David Evans
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