Australia’s largest grain cooperative, CBH, has sold its stake in Interflour for A$169 mln

The deal includes a loan repayment and ends a nearly 20-year partnership in one of Southeast Asia’s largest flour milling holdings.

Australia’s largest cooperative, CBH Group, has completed the sale of its 50% stake in the flour milling company Interflour to Hong Kong investment fund Upper Pickering Holdings for A$169 million (approximately $110.4 million).

Interflour’s second co-owner, Origold Profits, part of the Indonesian conglomerate Salim Group, also agreed to the deal. Regulators also approved the sale, according to Grain Central.

In addition to the transaction price, CBH managed to repay a A$46 million loan provided to Interflour in 2019 to support its financial recovery and debt rebalancing program.

Interflour is one of the largest flour millers in the region.

The Interflour Group was established in 2005 after acquiring six mills in Indonesia, Malaysia, and Vietnam. Currently, the Singapore-based company operates nine mills, including a facility in the Philippines, with a combined capacity of:

• 6,870 tonnes of wheat processed per day
• 1.8 million tonnes of product per year

Interflour supplies a wide range of flours, from high-protein to all-purpose, and also produces feed ingredients, including aquafeed products, bran, and pellets. The company is also involved in malt production in Vietnam and is developing storage and port logistics infrastructure.

In the 2024 financial year, Interflour generated a profit of A$6.7 million for CBH after tax, significantly up from the 2023 figure of A$100,000.

CBH Strengthens Focus on Grain Exports

Farmer-owned CBH Group processes and exports approximately 90% of Western Australia’s grain harvest.
As part of its Path to 2033 strategy, the cooperative plans to increase its export capacity to 3 million tonnes per month by 2033.