Cargill has purchased Australia’s largest maltster, Joe While Malting, from Clencore in a deal worth between $380 and $390 million. Driven by Australia’s proximity to growing Asian markets, this is Cargill’s first purchase of an Australian malting company. Joe White Malting consists of seven plants and supplies brewers in several Asian countries as well as Australia. Regulatory approval is still required for the purchase to be finalized.
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free bi-weekly enhanced eNews service.