PAG, Meridian invest $225m in Food Union Group
PAG Asia Capital and Meridian Capital have invested a combined $225 million in Europe-based dairy and ice cream producer Food Union Group, with a view to expanding the business in China.
PAG has committed $170 million to the company, with existing investor Meridian putting in a further $55 million. Food Union operates a group of milk processing and ice cream producing companies – including...
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