The National Reconstruction Fund Corporation (NRFC) has made a $36 million debt investment in Australia’s leading meat pie manufacturer, Patties Food Group.
About Patties
Patties is the nation’s leading manufacturer of meat pies and party pies, and also produces packaged foods across categories such as hot savoury, frozen savoury, frozen snacking, and frozen meals. The company produces popular food brands including Lean Cuisine, Leggo’s, and Home Chef, as well as Four’n Twenty, Herbert Adams, and National Pies.
Investment impact
Adding value in the agricultural sector
Patties has an established market position, best-in-class manufacturing capability, and nationwide supply chain, as well as decades-long relationships with major Australian supermarket chains.
Supporting regional Australia
Patties is an East Gippsland icon and is the second largest employer in the region, providing work and income to more than 400 employees and contractors.
Building Australia’s manufacturing capability
NRFC’s investment provides growth capital and supports introduction of new advanced manufacturing capabilities.