In Vivo buy the oldest Belgian brewery Castle Malting
2023.01.02 11:04
In Vivo buy the oldest Belgian brewery Castle Malting
Budrigannews.com – On Monday, Malteries Soufflet, a subsidiary of the French agribusiness conglomerate InVivo, announced that it had reached an agreement to acquire Belgian malthouse Castle Malting. Castle Malting is one of the world’s oldest producers of the ingredient in beer.
At the point when InVivo declared the takeover of its friend Soufflet late 2021, it said it expected to turn into the world’s biggest malt creator in somewhere around five years by multiplying the size of its malt business through outside development.
In southern Belgium, Castle Malting, also known as “La Malterie du Château” in French, is close to the castle of Beloeil. It is the oldest malting plant in the country and one of the oldest in the world, having been established in 1868.
Belgian beers are well-known for their wide range of flavors, colors, and alcohol strengths. Additionally, it is a significant malt producer, exporting to more than 160 nations.
Palace Malting would offer Malteries Soufflet the chance to foster its movement in the higher worth added specialty brew market where it isn’t extremely present, InVivo said.
The securing is expected to be concluded in the main quarter, it said. There were no immediate financial details available.
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