GrainCorp Limited : 11_Oct_05_Completion of GermanMalt Acquisition
10/06/2011| 03:15pm US/Eastern
Date: 5 October 2011GrainCorp Limited ABN 60 057 186 035PUBLIC ANNOUNCEMENTGRAINCORP COMPLETES PURCHASE OF GERMANMALT
To: The Manager
Company announcements office
GrainCorp today advised that it has completed the purchase of GermanMalt GmbH & Co. for an enterprise value of €58 million, inclusive of €18 million in inventory and working capital.
The company also advised that the name of GermanMalt has reverted to ‘Schill Malz’, being the former company name.
Over 150 years old, Schill Malz is a highly regarded supplier of a diverse range of high quality malt to local and export customers, including the growth markets in Asia and Africa.
The company has four malthouses in Worms, Mülheim/Ruhr, Sangerhausen and Clingen, with an annual production capacity of up to 190,000 tonnes.
Current joint Managing Directors, Peter Schill and Carl Otto Schill, will remain with Schill Malz, providing continuity and stability for the business.Betty IvanoffGeneral Counsel and Company Secretary
Level 26, 175 Liverpool Street, Sydney NSW 2000
PO Box A268, Sydney South NSW 1235
Telephone: (02) 9325 9100 Facsimile: (02) 9325 9180 www.graincorp.com.au