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Germany: Beer brewing kit maker sells $1.8B of assets

 |  April 16, 2014

Germany-based GEA Group has reportedly struck a deal to sell its heat-exchangers operations to private equity firm Triton Advisers, say reports.

GEA will sell the assets for $1.8 billion, offloading the company that makes milking machines and beer-brewing kits of its units that manufacture air conditioning and chemical plant applications.

according to reports, GEA started off as a metals-trading firm.

The merger remains subject to regulatory scrutiny, but GEA said it hopes to finalize the deal by the end of the year.

Full Content: Bloomberg

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