Castle Harlan Inc.

NEW YORK, November 13 - Castle Harlan, Inc., the New York-based private equity firm, and its Australian affiliate, CHAMP Private Equity, announced today that they had completed the sale of United Malt Holdings (UMH), the world's fourth largest producer of malt for the distilling and brewing industries and a company that has grown more than four-fold since the two firms acquired it three years ago.