Carvest has acquired a stake in Soufflet Malt, a leading global malt producer, to leverage growth opportunities in the expanding malt market.

Overview of the Target

In October 2023, Carvest acquired a stake in Soufflet Malt, a leading global malting company. Soufflet Malt, part of Malteries Soufflet and United Malt Group Limited, is recognized as the world's foremost malt producer, adhering to the stringent requirements of clients across various countries. The company operates 41 facilities across five continents, boasting an impressive annual production capacity of 3.7 million tons of malt. This extensive output supports a diverse clientele, including large brewers, craft brewers, distillers, and other industrial players globally.

Industry Overview

The malt industry has shown significant growth worldwide, driven by the rising demand for craft beers and premium alcoholic beverages. In recent years, particularly in Europe, there has been a notable surge in the number of craft breweries, which has directly influenced the demand for high-quality malt products. Furthermore, as consumer preferences shift toward artisanal and locally-sourced beverages, malt producers have found opportunities to cater to these niche markets.

Moreover, the industry is benefitting from a growing trend of sustainability within food and beverage sectors. Producers are increasingly focusing on