Mad Butcher owner Veritas buys stake in Burger King patty supplier

Fri, 20 Dec 2013

Dec. 20 (BusinessDesk) - Veritas Investments, which bought the Mad Butcher franchisor business in March this year, will spend at least $3.4 million in cash and shares for a half-stake in the meat patty supplier for the local Burger King franchise. The Auckland-based firm will buy half of Kiwi Pacific Foods for $2.8 million in cash and $400,000 in shares at $1.38 apiece, with potential earn-outs if certain export targets are met. The owner of the remainder of the business is Antares Restaurant Group, which holds the New Zealand Burger King fr...

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