PAG to acquire Patties Foods and Vesco Foods for $371m.

PAG, an investment firm focused on the Asia-Pacific region, agreed to acquire Patties Foods, an Australian food manufacturing company, and Vesco Foods, a producer of frozen foods for $371m. "This transaction enhances the strength of our business in Australia and New Zealand. We are excited about this unique opportunity to take some of Australia and New Zealand’s best-loved brands to the next level. Over the past few years, PAG has had the privilege of working with several leading Australian companies, and we are looking forward to putting that expertise to work in support of Patties and Vesco, and helping them provide the highest quality products to consumers across Australia, New Zealand and beyond," Sid Khotkar, PAG Private Equity Managing Director and Head of in Australia and New Zealand.