The acquisition makes BOORTMALT, AXEREAL's malt subsidiary, the world's leading 
player in malt production

AXEREAL, France's largest grain cooperative, today announced the acquisition of 
CARGILL's malt business on behalf of its subsidiary, BOORTMALT.

This acquisition strengthens AXEREAL's position globally, and makes BOORTMALT 
the world's leading player in the production of malt. 

Jean-François Loiseau, President of the AXEREAL Group said "This acquisition 
meets our two strategic objectives:  Firstly, to invest in the downstream of 
barley to increase the value of our farmers production in France and 
internationally, and especially in growing markets.  Secondly, we have a 
long-term vision for our cooperative farmers.   This acquisition will help 
ensure that our trajectory is competitive. We at Axereal are leading the way 
for the agricultural transition with industrial innovation that provides 
quality food whilst respecting the environment."

Paul-Yves L'Anthoën, Chief Executive Officer of the AXEREAL Group declared 
"This acquisition is a major step in our cooperative's strategic plan: it 
allows us to diversify our sources of value, and it bolsters the group's 
position in a growing sector. It also strengthens our relationship with the 
financial community."

This acquisition sees BOORTMALT taking over all CARGILL Malt activities: 16 
malthouses in 9 countries, nearly 600 employees, and with a total production 
capacity of 1.7 million tonnes.  

This will bring the total capacity of the BOORTMALT Group to 3 million tonnes 
with 27 malting plants on 5 continents making BOORTMALT the world leader in the 
production of malt.  The headquarters of BOORTMALT will remain in Antwerp, 
Belgium as well as the R&D centre, making the Antwerp malthouse the biggest in 
the world. 

Yvan Schaepman, Chief Executive Officer of BOORTMALT added "Such a takeover 
offers us new growth prospects and will enable us to better mitigate risks, 
particularly those linked to climate change. It also allows us to accelerate 
the development of new malting barley varieties and to create new malts. With 
this acquisition, we are pursuing our primary ambition: to become the best 
Maltster in the world."

Media call on the acquisition 

Monday 4th November
11am Central European time 
Yvan Schaepman, CEO of BOORTMALT will be holding a Q&A for all media:
Number to call: 00 33 (0)1 72 28 30 03
Pin code to participate: 918162#

About BOORTMALT

BOORTMALT, an AXEREAL subsidiary, produces and markets high-quality malts for 
brewery, distillery companies worldwide as well as for micro-breweries. As the 
no. 1 maltster in the world, BOORTMALT operates 27 malting plants on 5 
continents, and produces 3 million tonnes of malt a year with almost 1,000 
employees.
BOORTMALT was created in 1927 in Belgium and has recognized expertise in the 
production of specialty malts, a key ingredient for the production of beers, 
whiskies and food.

For more information: BOORTMALT.com

About AXEREAL

AXEREAL is one of the leading French cereal cooperative groups, present in 
France and abroad and specialized in the production and processing of cereals 
for the brewery, bakery and livestock markets. AXEREAL gathers 12,700 farmers 
and 4,000 employees and has a revenue of approximately 3 billion euros.

As the first collector of sustainable cereal raw materials, AXEREAL contributes 
to a quality food offer and has the ambition to become "The Sustainable 
Agricultural Cooperative". With an international presence, AXEREAL operates in 
21 countries (Algeria, Argentina, Australia, Belgium, Bulgaria, Croatia, 
Canada, Ethiopia, France, Germany, Hungary, India, Ireland, Japan, Netherlands, 
Romania, Serbia, Slovakia, Spain, United Kingdom, United States).
For more information: AXEREAL.com

Media contacts:

AXEREAL
Chrystele Ivins - Tél.: +33 7 86 91 33 83
chrystele.ivins@AXEREAL.com 

Omnicom PUBLIC RELATIONS GROUP
Jules Jules Triolaire – Tél: +33 6 71 14 56 63
jules.triolaire@omnicomprgroup.com


SOURCE: Axereal