Roc Partners, an Australia-based private equity firm, completed the acquisition of Emerald Grain, an Australia-based grain storage and handling company, from Sumitomo, a global trading and business investment company. Financial terms were not disclosed. “Sumitomo was involved with Emerald for many years, the past five as parent company, working strongly with Emerald as we restructured the business and refined our strategy – a very important period during which we appreciated Sumitomo’s support and guidance. ROC Partners are entering the grain industry in a year when seasonal conditions are highly favourable in all our operating regions, they recognise the strategic nature of Emerald’s assets and are excited by our growth prospects,” David Johnson, Emerald Managing Director.