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Article: Castle Harlan, CHAMP Agree to Sell United Malt Holdings to GrainCorp.
- Article from:
- Investment Weekly News
- Article date:
- October 24, 2009
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Castle Harlan, Inc., the New York private equity investment firm, and CHAMP Private Equity, its affiliate based in Sydney, Australia, confirmed that they have agreed to sell United Malt Holdings (UMH), one of the world's largest producers of malt for the brewing and distilling industries, to GrainCorp, Ltd., a major Australian bulk-grain handler. The transaction would be valued at US$655 million (A$757million).
The confirmation followed a GrainCorp announcement of the proposed deal earlier today (Tuesday morning Sydney time).
United Malt is made up of four malting companies: Great Western Malting in the United States; Canada Malting in Canada; Barrett ...