Cargill buy out Axcereal

[beltbreaker]

Fake news as I read the press release too quickly and assumed Cargill buying up stuff again. Apologies to those involved .

Why is this important to UK ag.

Axcereal owns Boortmalt, this makes in one fell sweep Cargill the largest maltster in the UK. As a French owned co-op the members got an offwrthey couldn't perfused. Nice for them, I wonder what it means for the UK and Irish Malting Barley grower.

Answers below.

 

[CORK]

Why is this important to UK ag.

Axcereal owns Boortmalt, this makes in one fell sweep Cargill the largest maltster in the UK. As a French owned co-op the members got an offwrthey couldn't perfused. Nice for them, I wonder what it means for the UK and Irish Malting Barley grower.

Answers below.

The online search I just did shows Axcereal buying out the Cargill malting business? Not the other way around.

 

[beltbreaker]

Whoops wrong way round Axcereal acquire Cargill's malt business brain not in gear and assumed Cargill still want to take over the world

 

[beltbreaker]

Thanks @CORK for getting me to go back and check