Transpac gets Heinz takeaway with Foodstar exit
Long-established Singapore private equity firm Transpac Capital is about to exit its investment in SGX-listed PRC soy sauce and beancurd business Foodstar Holdings, with a trade sale of around $165 million to Heinz.
According to Heinz, the US foods giant is seeking to tap the booming PRC soy sauce market, combining Foodstar's own strong domestic brands with its sauces such as Amoy and ABC sauces. Transpac owns Foodstar...
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