Sydney, September 15, 2022 – PAG, a leading investment firm focused on the Asia-Pacific region, announced today that it has entered into agreements to acquire Patties Foods (“Patties”) and Vesco Foods (“Vesco”), subject to regulatory approvals. Terms of the deals were not disclosed. Patties, with its origins dating back over 50 years, is well known for producing some of Australia and New Zealand’s favourite savoury snacks, appetisers, meals, and desserts, including its signature pies, party … [Read more...] about PAG to Acquire Patties Foods and Vesco Foods
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Kerry to acquire biotechnology innovation companies
Taste and nutrition company Kerry announced that it has reached agreements to acquire two leading biotechnology companies: c-LEcta and Enmex. These acquisitions are set to expand Kerry’s expertise, manufacturing capacities and tech portfolio. Germany-based c-LEcta produces high-value targeted enzymes and ingredients, with its functional bioactives utilised in the food and beverage space. It focuses on precision fermentation, optimised bio-transformation and bio-processing. On the other … [Read more...] about Kerry to acquire biotechnology innovation companies
SIG announces acquisition agreement of Scholle IPN
Flexible packaging solutions suppliers Scholle IPN will be acquired by SIG, an aseptic carton packaging company. The target completion of the deal is before 3Q 2022. Switzerland-based SIG will diversify offerings by including its bag-in-box and spouted pouch items in the new product portfolio. It will also promote its net positive food packaging system, which is achieved through the Way Beyond Good approach. Samuel Sigrist, CEO of SIG, said of combination of businesses, "The acquisition of … [Read more...] about SIG announces acquisition agreement of Scholle IPN
