Cargill Australia has signed an agreement with Glencore International to acquire Joe White Maltings.
The transaction, which is subject to certain regulatory approvals, is expected to be completed by the end of 2013.
Joe White Maltings holds seven plants, which supplies malt to brewers of different countries in Southeast Asia, as well as in Australia.
Cargil has malting facilities in Europe and the Americas.
Cargill Australia managing director Philippa Purser said that the company plans to bring malt industry expertise and additional capital to Joe White Maltings to enhance the business.
Cargill global malt business president Doug Eden said, "The addition of Joe White Malting will complete Cargill's global footprint in all key barley production areas and enable us to better serve our global and leading regional brewers in the region."