Axereal completed the acquisition of a business of Cargill.

Axereal, France’s largest grain cooperative, completed the acquisition of the malt business of Cargill, an American privately held global corporation based in Minnetonka. Financial terms were not disclosed. "This acquisition meets our two strategic objectives: Firstly, to invest in the downstream of barley to increase the value of our farmers production in France and internationally, and especially in growing markets. Secondly, we have a long-term vision for our cooperative farmers. This acquisition will help ensure that our trajectory is competitive. We at Axereal are leading the way for the agricultural transition with industrial innovation that provides quality food whilst respecting the environment." Jean-François Loiseau, Axereal Group President.