Cargill to acquire Schreier Malting Co.Cargill, Inc. has announced that it has signed a letter of intent to acquire the Schreier Malting malt n. 1. Grain, usually barley, that has been allowed to sprout, used chiefly in brewing and distilling. 2. An alcoholic beverage, such as beer or ale, brewed from malt. 3. See malted milk. v. Co. of Sheboygan, WI. Upon completion of the acquisition, expected in January 1998, the Schreier Malting Co.'s production capacity of 415,000 metric tons will increase Cargill's malt production to close to 1.5 million metric tons a year, making it one of the largest maltsters in the world. Schreier comprises a malt production facility in Sheboygan and an elevator and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. office in Minneapolis, MN; a 51% share of Prairie Malt Ltd., a malt production facility in Biggar, Saskatchewan Biggar is a town located in Saskatchewan, Canada. It is the hometown of 1998 Olympic gold medalist in women's curling, Sandra Schmirler. Its former Member of Parliament was M.J. Coldwell, the leader of the Co-operative Commonwealth Federation in the 1940s and 1950s. , Canada; a 45.3% controlling share of CUC CUC Cuban Convertible Peso (ISO currency code) CUC Columbia Union College (Takoma Park, MD, USA) CUC Canadian Unitarian Council CUC Canadian Ultimate Championships Malt Ltd. - Nanjing, a malt production company in Nanjing, China. "The agreement with Cargill culminates a thorough search for a company much like Schreier - a company with a long and stable history and a dedication to excellence at the core of its culture," said Thomas Testwuide, Sr., president and chief executive officer at Schreier. "Schreier was founded in 1856, Cargill in 1865. Both companies are privately held and both grown from modest beginnings to global stature. We are confident we are leaving our customers in the hands of a company that will serve them well far into the next century." After the acquisition, Testwuide will serve as a director of Ladish Malting Co., Prairie Malt Ltd. and CUC Malt Limited - Nanjing. "Schreier's reputation for dependable customer service and total quality will complement our North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. marketing efforts," said Craig Reiners, president of Ladish Malting Co., a wholly-owned U.S. subsidiary of Cargill. "SMC's joint ventures in both Canada and China will provide the necessary platforms to serve our customers throughout the world." Cargill's Worldwide Malt Division has malt plants in Herent, Belgium; Strasbourg, France; Salzgitter, Germany; Swalmen, the Netherlands; Madrid, Spain and a facility under construction in Bahia Blanca Ba·hí·a Blan·ca A city of eastern Argentina on the Bahía Blanca, an inlet of the Atlantic Ocean southwest of Buenos Aires. It is a major shipping and commercial center. Population: 314,000. Noun 1. , Argentina, that is scheduled to open in the spring of 1998. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Cargill's Ladish subsidiary has plants in Jefferson Junction, WI, and Spiritwood, ND. |
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