Patties Foods, the owner of Four’N’Twenty Pies and Herbert Adams and Nannas baked goods, has scooped up a ready-to-eat meals business called Fitness Outcomes to add to a stable of businesses now generating annual sales of almost $500 million.

Private equity group Pacific Equity Partners acquired the former ASX-listed Patties Foods in 2016 for $230 million and it has been growing strongly, buoyed by the at-home consumption spike during COVID-19.