GrainCorp to create mega oils business
Grains marketer and malt producer GrainCorp is to create a mega edible oils business by spending $472 million to buy Goodman Fielder's Integro division and independent oilseed crusher Gardner Smith.
GrainCorp Ltd., eastern Australia's largest grain handler, agreed to buy United Malt Holdings Ltd. for $655 million from buyout firms Castle Harlan Inc. and CHAMP Private Equity, doubling the size of the company.