LONDON-based CapVest Partners LLP has formally signed off on the multi-million pound acquisition of Karro Food Group.
Based in Yorkshire, Karro is a leading supplier of pork and it has a facility in Cookstown which employs hundreds of workers.
News of the purchase was reported by The Irish News earlier this month.
The deal is estimated to be worth around £180 million.
Following its acquisition from Vion in January 2013, private equity house Endless and the Karro management team steered an impressive turnaround that saw them leap from the red into the black within the space of just two years.
Karro recorded a turnover of £26.6m in 2015, compared to £18.6m the previous year.
Jason Rodrigues, managing director of CapVest, said Karro was a great fit with their overall investment strategy.
"The group has established a leading position in the processing and sale of British pork for which we believe the long-term fundamentals are very strong," he said.
"We are delighted to back a very experienced and capable management team and we look forward to working closely with them in pursuing exciting new organic and acquisition-led growth opportunities."
Karro employs more than 3,500 staff at seven sites across the UK, producing the McGees and Case & Sons food lines, among others.
The group’s Cookstown facility processes an estimated 1.2 million pigs every year.
Buyers CapVest, a private equity firm, established Valeo Foods in 2010 to combine Irish suppliers Batchelors and Origin Foods.
The London firm also pulled off a lucrative deal in 2008 when it amalgamated seafood company Youngs, which it had purchased for £140m in 2002, and Findus, which it snatched up for £436m in 2006, and sold the resulting entity to Lion Capital for £1.1 billion.
