date:May 28, 2014
, PEP sold Peters - owner of the Drumstick, Connoisseur, Peters Original and Maxibon brands - two years after buying it, half the typical time for private equity turnarounds.
The sale continues a dramatic consolidation in dairy-related businesses globally. A week ago, China's Bright Food Group Co Ltd bought 56 percent of Israel's largest food company Tnuva in a deal that valued it around $2.5 billion.
Earlier this month, China's Wilmar International and a partner agreed to buy Australia and Ne