Cargill finalized the sale of its malt business to Boortmalt, a subsidiary of France’s largest grain cooperative Axéréal, the companies announced Monday.
According to the Star Tribune, terms of the deal, which was first announced in December, were not disclosed.
The purchase effectively doubles Boortmalt’s size, making it the world’s leading malt producer.
The company is taking over Cargill’s 16 malting plants in nine countries and all 600 of its malt employees.
