Sajo Industries to acquire Foodist from VIG Partners for $205m.

Sajo Industries, a deep-sea fishing company, agreed to acquire Foodist, a food ingredient and catering services provider, from VIG Partners, a Seoul-based private equity firm, for $205m. With the acquisition of Foodist, Sajo Group is expected to overtake its immediate rival Daesang to become Korea’s third-largest food conglomerate after CJ CheilJedang and Dongwon F&B.