20 September 2021 - Chinese private equity firm FountainVest has agreed to buy New Zealand-based pet food company for NZ$ 1.5 billion (US$ 1.06 billion), according to sources close to the deal, Bloomberg has reported.
Full terms of the agreement are yet to be disclosed.
Ziwi sells pet food including air-dried and wet cat and dog food, as well as chews, treats and bones.
“It will be business as usual for Ziwi” Managing Director Richard Lawrence said in a statement Monday announcing the deal. “This investment will build on the current team’s successful strategy and plan to meet strong global demand for Ziwi’s product range.”