Beatrice Cos. closed the sale of Avis.

The rental car company was sold to a group led by Wesray Capital Corp., a privately held investment firm, in a deal valued at about $1.6 billion that was originally announced in April. Meanwhile, PHH Group Inc., which manages large corporate fleets, said it has agreed to buy Avis’ domestic auto leasing division from Wesray for about $134 million and the assumption of about $146 million of the unit’s debt. Separately, Beatrice said it is weighing making a public offering of a portion of its international food operations.