Cargill completes acquisition of Joe White Maltings

             Cargill completes acquisition of Joe White Maltings

PR Newswire

MELBOURNE, Australia, Oct. 31, 2013

MELBOURNE, Australia, Oct. 31, 2013 /PRNewswire/ -- Cargill Australia Limited
announced today that it has completed the acquisition of Joe White Maltings
from Glencore International.

Philippa Purser, Cargill Australia Managing Director said: "Cargill Australia
was recently informed by the Foreign Investment Review Board that the Federal
Government had no objections to the acquisition and we have now concluded the

"Through its investments over many years, Cargill continues to demonstrate a
long-term commitment to the future and success of Australian agriculture and
farmers, and we are delighted with this new opportunity in the malting
industry," said Ms Purser. "We look forward to bringing our malt industry
expertise and additional capital to Joe White Maltings to continue to grow the
business which will ultimately benefit Australian malting barley growers, our
domestic and international customers and the Joe White Maltings' employees."

Doug Eden, President of Cargill's Global Malt business, said: "The
acquisition of Joe White Maltings provides Cargill with a global footprint in
all key global barley production areas and we are now in a position to provide
better opportunities for our Australian farmer customers and better meet the
needs of our global and leading regional brewers."

About Cargill
Cargill provides food, agriculture, financial and industrial products and
services to the world. Together with farmers, customers, governments and
communities, we help people thrive by applying our insights and nearly 150
years of experience. We have 142,000 employees in 67 countries who are
committed to feeding the world in a responsible way, reducing environmental
impact and improving the communities where we live and work. For more
information, visit and our News Center.

About Cargill in Australia
Cargill Australia was established in 1967 and is now a diverse agribusiness.
Business operations include grain, oilseeds and cotton origination; storage
and handling; processing and vegetable oil refining; domestic and export
marketing; procuring food and feed items primarily for the Japanese and South
East Asian markets through our Toshoku business; and a number of agribusiness
food and meat joint ventures. For more information, visit:

SOURCE Cargill

Contact: Peter McBride, Cargill Australia +61 3 9268 7362, +61 417 662 451,, Lori Fligge, Cargill U.S., 952-742-2275,