Sale of Anglia Maltings to Richardson International

DATE
July 2023

TRANSACTION TYPE

Strategic acquisition

VALUE
Not disclosed

SECTOR
Food & Beverage

Spayne Lindsay is delighted to announce that it has advised the shareholders of Anglia Maltings, a leading maltster and grain processor, on the sale of the business to Richardson International, a Canada-based global leader in agriculture and food processing.

Founded in 1870 and headquartered in Norfolk, England, Anglia Maltings encompasses a diverse portfolio of businesses including Crisp Malt, Micronized Food Products (MFP), and EDME Food Ingredients.

Anglia Maltings operates seven malt facilities in the UK, Poland, and Germany, with a combined capacity of 440,000MT. Crisp Malt collaborates with local farmers to source the highest-quality malted barley, serving breweries and distilleries and the food industry worldwide. MFP specialises in the production of cereals and pulses for brewing and animal feed, while EDME Food Ingredients focuses on malted and non-malted products catering to the baking industry.

Given the growing global demand for malting barley, predominantly driven by the brewing and distilling industries, Richardson’s proven track record of strategic expansion and investment positions the company to meet the increasing requirements of an international customer base.

Stuart Sands, CEO of Anglia Maltings, commented:

“As proponents of innovation, Richardson’s support will enable us to realize our ambitions for new ingredients and open new avenues for our business. By leveraging our operational expertise, we will continue to offer best-in-class, whether it be through the delivery of the highest quality food ingredients or outstanding service to our valued customer base.”

Curt Vossen, CEO of Richardson International, commented:

“We share common values with Anglia Maltings and are aligned in our commitment to operational excellence and exceptional customer service. As experienced handlers of malting barley in North America, this is an exciting next step in our long-term strategy, which includes the diversification of our business and continued growth in the food processing industry.”