Costa Group sells part to investor to double in size

Costa Group, leading Australian producer, exporters and distributor, sold 50% of its business to a U.S. investment fund.
 
Based in Victoria, Costa Group is the largest full-service producer. Its activities include production, packaging, trading and logistics operations across Australia and internationally. Costa Group is a leading provider of Woolworths and Coles supermarkets.
 
Costa Group has sold a 50% stake in the company to Paine & Partners, a U.S. private equity firm. The management of Costa Group: Frank Costa, President and Harry Debney, CEO will continue.
 
Costa Group ensures that these funds will enable the company to double its size, expand abroad and increase production. The amount of the deal was not disclosed and the transaction will be finalized by the end of the year.