Agrilink Foods Inc., Rochester, N.Y., and Vestar Capital Partners announced the completion of a $175 million equity investment in Agrilink by affiliates of Vestar. (At Closing News).
Agrilink Foods Inc., Rochester Rochester (rŏch`ĕstər, –ĭstər).
1 City (1990 pop. 70,745), seat of Olmsted co., SE Minn.; inc. 1858. , N.Y., and Vestar Capital Partners
announced the completion of a $175 million equity investment in Agrilink
by affiliates of Vestar. The change in control transaction, originally
announced on June June: see month. 21, 2002, values Agrilink at approximately $800
million. Agrilink had been a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
Notes:
In other words, the parent company owns the company outright and there are no minority owners. of Pro-Fac
Cooperative Inc., a 500-member grower cooperative. Pro-Fac will continue
to hold a significant minority interest in Agrilink.
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