The acquisition will enable Lallemand to meet the requirements of its existing and new customers across the baking, flour milling, oenology and other beverages sectors
The acquisition will increase Bartlett’s grain and oilseed storage capacity to about 45 million bushels.
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.
The move is expected to increase capacity and efficiency.
According to Ryals McMullian, chairman and chief executive officer, tariffs are burdening consumers who are already feeling the pinch of rising living expenses and are concerned about their own financial status as well as the unpredictability of the US economy.