Australian PE The Foundry picks 25% stake in Elle Macpherson-owned Welleco

Australian PE The Foundry picks 25% stake in Elle Macpherson-owned Welleco

Actress Elle Macpherson smiles at a CBS, CW, CBS Television Studios and Showtime party for the Television Critics Association Cable summer press tour at the Huntington Library in San Marino, California August 3, 2009. REUTERS/Mario Anzuoni

Melbourne-based private equity firm The Foundry has acquired 25 per cent stake in WelleCo, which specialises in organic plant-based supplements and proteins, to fuel its expansion in the United States and China, according to a report in Australian Financial Review.

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