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PACIFIC EQUITY BUYS NZ SNACK FOODS BUSINESS.
SYDNEY, April 3 Asia Pulse - Pacific Equity Partners (PEP) has bought New Zealand snack foods business Griffin's Foods Ltd from French food giant Danone Asia Pte Ltd.
The Australian buyout firm today said with a net sales revenue of $NZ176 million ($US108.1 million), Griffin's will play an important role in PEP's expanding portfolio of quality businesses.
"Griffin is a premium New Zealand business with a stable of iconic brands and a strong consumer franchise in the New Zealand market," PEP managing director Rickard Gardell said.
"PEP ...
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