Campbell Soup has agreed to sell Australia’s biggest biscuits company to voracious US private equity firm Kohlberg Kravis Roberts (KKR) - which purchased RJR Nabisco in 1988 - finally ending an auction process that lasted almost a year.
Italian news daily Il Sole 24 Ore broke the news that the Nutella maker is in talks with Campbell Soup Company to buy Campbell’s international business, which includes Arnott’s biscuits and Danish butter cookie maker Kelsen.
As we reported earlier this week Australian biscuit giant Arnott
has plans to restructure its Australian and New Zealand operations
into three separate business units as it seeks further growth in