TWO of Australia’s largest value-added foods companies using beef as a primary raw material have been bought by an international private equity investor.
International private equity investment manager PAG has bought Australian processed foods companies Patties Foods and Vesco Foods.
Patties is regarded as the world’s biggest pie manufacturer, with ‘household name’ brands including Four’N Twenty, Herbert Adams, Patties, Boscastle, Nanna’s and Leader (NZ).
Patties churns out about 500 million pies each year, employing about 1000 staff across Australia and New Zealand, including…
