French malt producer Malteurop acquires Chunlei to expand Chinese capacity

Malteurop Acquires Chunlei Malting to Expand Capacity in China

Malteurop's Strategic Expansion in the Chinese Malt Market

Acquisition Details

PARIS, Oct 23 (Reuters) - Malteurop, one of the world's largest producers of beer ingredient malt, has acquired Chunlei Malting Co to expand its capacity in China, the French company said on Friday.

Facility and Production Capacity

• The deal, concluded this summer, covers Chunlei's malt facility near the eastern city of Yancheng, Malteurop's statement said, adding that the plant can produce 220,000 metric tons of malt annually

Financial Aspects

• Financial terms were not disclosed

Impact on Malteurop's Operations

Expansion of Production Sites

• The acquisition gives Malteurop a second production site in China, adding to its Baoding operation established 30 years ago

Global Production Capacity

• Malteurop, part of French agricultural cooperative Vivescia, has global malt production capacity of more than 2 million tons

China's Role in the Global Malt Industry

Market Position

• China is one of the world's biggest malt-exporting countries, supported by massive imports of barley as raw material

Industry Insight

(Reporting by Gus TrompizEditing by David Goodman)