UK & Thailand: Muntons completes full acquisition of malted ingredients drying plant in Thailand
British maltster Muntons completed on March 22 the full purchase of their malted ingredients vacuum band drying manufacturing plant in Thailand, the company announced on April 3.
Originally constructed as a joint venture operation, the plant is now wholly owned by Muntons PLC and the facility is called Muntons Ingredients (Thailand) Limited.
Malt-based vacuum band dried products made in this state-of-the-art plant provide the ideal base for malted milk drinks, confectionery and bakery applications. The plant was officially opened in April 2016 and products made in the Thailand facility are sold around the world utilising a base of malt extract made and supplied from Muntons’ Stowmarket facility.
The South East Asia market offers a wealth of opportunity for Muntons, through its combination of high population density and local consumers with a strong affinity for the taste of malt. In Asia, malted beverages are often consumed as cold, refreshing drinks, rather than the more usual relaxing bedtime tipple, as the blend of complex sugars, naturally present in malted milk drinks, provide a useful slow energy release.
Mark Tyldesley, Muntons Managing Director, commented: “this is an exciting move for us and marks the beginning of a new chapter for our Thailand factory.”
Muntons has a locally based new product development team helping to shape the products made in their newly acquired plant to meet the exacting needs of the local market, the company said.
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