catalyst investments | Heat To Eat

Heat to Eat Holdings Pty Ltd ("HTEH") acquired Vesco Foods ("Vesco") and Prepared Foods Australia ("PFA") in a simultaneous acquisition and merger style transaction on the 7th of November 2013. HTEH is a newly formed company which is majority owned by funds managed by Catalyst Investment Managers. HTEH's other shareholders include the PFA Vendor and the senior management of Vesco and PFA.

The combined group (trading under the Vesco name) operates two manufacturing facilities; one in WA and one in QLD and generates sales of ~$150 million.

Vesco is a market leader in the private label and contract manufacturing segments in Australia. The business primarily services the Retail channel with customers including the likes of Australia's leading supermarket chains and global food brand names. Vesco's other major clients include those in Health and Food Services, QSR and export channels.