Nisshin Seifun acquired Allied Mills from Pacific Equity Partners.

Nisshin Seifun, a leading regional miller and supplier of value added, flour‐based products, acquired Allied Mills, an Australian flour, ingredients and baked products manufacturer, from private equity firm Pacific Equity Partners. Financial terms were not disclosed. PEP Managing Director, Tony Duthie said: “Allied Pinnacle is the leading flour, ingredients and baked products manufacturer in Australia and plays an important role in Australia’s food infrastructure. James, the management team and all the employees are to be congratulated on the business they have built. It is a good example of PEP’s investment approach of supporting world class management teams to invest in safety, quality and innovation driving growth with our customers and superior investment returns for our investors.”