WebSep 15, 2024 · PAG will buy the Four’N Twenty pies maker Patties Foods and frozen foods manufacturer Vesco Foods for an undisclosed amount, but local media reported that the … WebSep 22, 2024 · Patties Foods has sold Four’N Twenty to Hong Kong investment firm Pacific Alliance Group (PAG). Patties also owns Nanna’s, Herbert Adams, Chefs Pride and Boscastle brands. PAG also bought Vesco Foods, best known for Lean Cuisine ready meals. The Sydney Morning Herald reports that the Four’N Twenty sale went through for …
Four’n’Twenty, Patties, Lean Cuisine sold to Hong Kong …
WebAug 31, 2024 · Patties Foods isn’t the only frozen food maker on private equity firm PAG Asia Capital’s shopping list. Vesco’s brands include On The Menu, Super Nature, Lean Cuisine and Annabel Karmel. WebPatties Foods, is an Australian food manufacturing company that produces meat pies, baked goods, frozen fruits, and pre-made desserts. Patties Foods is represented in the … hub home buying counselor raining
PE firm PAG gets Patties Foods, Vesco in $550m deal
WebSep 16, 2024 · In February 2024, Patties sold its two Victorian manufacturing plants in a sale-and-leaseback offering, raising around $130 million. Patties Foods CEO Paul Hitchcock said the company wasn’t in the business of property investment and the move would free up funds for growth. It took on a 30-year lease for the Bairnsdale and Packenham sites. WebSep 19, 2024 · PAG, a Hong Kong-based affiliate of the Blackstone Group, has agreed to acquire Australia-based savory snacks manufacturer Patties Foods and ready-meals manufacturer Vesco Foods for an estimated $472 million. The move adds home leading brands such as “Four’n Twenty” and “Lean Cuisine” to its portfolio. WebOct 11, 2024 · 11 Oct 2024. Share. Gilbert + Tobin (G+T) has confirmed its role in the sale of Patties Foods and Vesco Foods to leading investment firm PAG. The acquisition of these two Australian companies is the latest investment by PAG’s Australian-based private equity team in the food and consumer sector, following its investments in Craveable Brands ... hogwatch meaning