A stable of iconic Australian food brands including Four’n’Twenty pies and Lean Cuisine meals have been sold to the Hong Kong private investment firm that already owns fast food chains Red Rooster and Oporto in a $500 million-plus deal.
The terms of the deal were not disclosed, but a source familiar with the sale said the price exceeded $500 million. Patties Foods’ chief Paul Hitchcock said PAG’s acquisition was a “clear sign” that the buyout firm believed in Patties’ business and growth strategy. Vesco boss Bernie Pummell said being acquired by PAG would help Vesco build on its success as well as “enable new exciting opportunities through the combination of Patties and Vesco”.
hijessicayun Well, they can’t make that shit any worse.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: smh - 🏆 6. / 80 Read more »
Source: smh - 🏆 6. / 80 Read more »