Blackstone-backed PAG buys Aussie food brands Patties and Vesco for nearly $472m

Blackstone-backed PAG buys Aussie food brands Patties and Vesco for nearly $472m

Hong Kong-based investment manager PAG has acquired Australian food manufacturers Patties Foods and Vesco Foods for a combined amount of nearly A$700 million ($472 million), according to a source familiar with the deal.