Asian investor group buys TRPC

The Sydney-based private equity group Quadrant is selling its majority share in the Australian pet product company The Real Pet Food Company (TRPC) to a group of Asian investors made up of the Chinese organisation PE Hosen Capital, Singapore's Temasek investment company and the biggest private agribusiness company in China, the New Hope Group. The Asian companies have paid 778 mio US dollars for TRPC.
Established in 1994, TRPC is Australia's leading pet food manufacturer and the biggest producer of chilled pet food in the world. TRPC produces and sells its products locally and internationally. It currently operates production plants in Australia and the USA. Employing over 800 staff, the company manufactures more than 200 000 tonnes of pet food annually.