GrainCorp To Muscle In On UK Malt Market

Australian grain trading house GrainCorp will become the world's fourth-largest malt producer after agreeing to buy United Malt Holdings in a deal worth around GBP420 million.

The deal is expected to complete by the end of November, provided that it gets the necessary regulatory approval.

UMH is a leading global malt manufacturer producing around one million tonnes annually to distillers and brewers.

The deal is said to include UMH's operations in the US, Canada and here in the UK where they own Bairds Malt, Scotgrain Agriculture and Saxon Agriculture, according to media reports.