Gleadell Banks to take on Muston subsidiary

LINCS-based grain merchant Gleadell Banks has provisionally agreed to take over RM English Grain, a wholly-owned subsidiary of Muntons, the UKs third largest sales maltster.

English, based near York, trades about 100,000t of combinable crops, and the move will increase Gleadell Banks tonnage by about 10%.

Managing director Jon Duffy expects the deal to be finalised in June.