Company news: Patties Foods
The AFR has reported that Pacific Equity Partners (PEP) has acquired New Zealand based Leader Foods. Leader manufactures and distributes burgers, toppas, finger foods, meal solutions and schnitzels, and is a market leader in frozen convenience food in the retail and food service sectors.
PEP acquired Patties Foods earlier this year, with some clients retaining an investment exposure in the 'unlisted' Patties in their Alternative allocation. PEP indicated an intention to grow Patties under its ownership, both organically and via acquisition. They are following through on their intention with the Leader acquisition.