The acquisition follows a December deal with Restaurant Brands International to expand the Burger King and Popeyes brands across several countries in eastern Europe.
The Riverstone-backed wood pellets supplier has entered into its third joint venture with the life insurer as it looks to serve growing overseas demand.
The deal comes one year after CITIC Agri Fund Management was established together with Yuan Longping High-Tech Agriculture and two other listed agricultural companies.
Altamont Capital Partners announced its acquisition of the manufacturer of frozen poultry products this week, at the same time as Lake Pacific Partners announced its exit.
The purchase of the fresh and frozen seafood supplier follows Premium Brands' $20.3 million acquisition of Island City Baking and its affiliate Conte Foods earlier this month.