06 February 2024
06 February 2024
Butterfly Equity in Beverley Hills manages more than $4bn in assets, including Bolthouse Farms.
Flora and Becel spreads maker Upfield led the funding round.
The two food businesses are active in private-label chilled party foods, dips and deli fillings.
Westfleisch already does business in dry pet food, selling products under its Dog’s Nature brand.
Keybridge Capital has received consent from the Australian Securities and Investments Commission (ASIC) for its takeover bid to proceed.
The deal, first mooted back in November, was confirmed by the Italian frozen pizza supplier.
The combined group will have around €1bn ($1.08bn) in revenues, with production facilities across Italy, the US and France.
It is Vafo’s third deal in the last ten months.
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