Less than a month after finalizing the takeover of the Belgian maltster La Malterie du Château, InVivo confirms its ogre appetite for a booming malt sector.
On Tuesday, its subsidiary Malteries Soufflet announced that it had entered into exclusive negotiations with the Australian United Malt Group (UMG), after an offer was submitted for the acquisition of the latter.
This remains subject to an in-depth verification period (“due diligence”) of two and a half months, and to a vote at the general meeting of shareholders of the Australian group, but it is supported by the board of UMG.
The operation could come to an end
“within three to six months”
, hopes Thierry Blandinières, managing director of InVivo (12 billion euros in turnover).
This would make Malteries Soufflet, already in the top three in the sector ahead of Boortmalt (Axéréal) and behind Malteurop (Vivescia), the leading maltster in the world, with 3.7 million tonnes produced per year and 20% of the market.
To get on the first…
This article is for subscribers only.
You have 70% left to discover.
Want to read more?
Unlock all items immediately.
Without engagement.
TEST FOR €0.99
Already subscribed?
Login
