Portugal’s Cerealis, Better Foods to merge milling operations

Portuguese firms Cerealis and Better Foods have agreed to combine their milling activities in a new jointly owned business. The agreement covers Cerealis Moagens and the milling units of Better Foods – Ceres, Germen, Carneiro Campos and Granel. The combined business will be set up as a new company held on a 50/50 basis by the shareholder structures of both groups. Financial details of the transaction have not been revealed. On its website, Better Foods Group describes itself as the “largest” Portugues ...