United Malt Group Ltd Ordinary Shares (ASX:UMG)

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Market Info - UMG

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Company Info - UMG

  • Market CapAUD0.000m
  • SymbolASX:UMG
  • IndustryConsumer Defensive
  • SectorBeverages - Brewers
  • Currency
  • ISINAU0000079691

Company Profile

United Malt Group processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tonnes of malt annually, or roughly 5% of the global 23 million tonnes produced. This capacity is primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both the domestic brewing industry and exports to Asia) and the U.K. (selling to Scotch whisky distillers). United was spun out of former parent GrainCorp in early calendar year 2020, more than 10 years after GrainCorp originally acquired the business in 2009.

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