Kohlberg Kravis Roberts

Freedom Foods is divesting its breakfast cereal and snacks unit to Arnott's. Pic: Freedom Foods

Freedom Foods sheds cereals and snacks unit to Arnott’s

By Gill Hyslop

Australia’s largest biscuit producer and second-largest snacks supplier Arnott’s has snapped up the Messy Monkeys, Crunchola, Heritage Mill and Nudi Snack brands, among others, from the beleaguered Freedom Foods Group.

Arnott's has finally found a purchaser. Pic: AFR

Global buyout bigwig wins bidding war for Arnott's

By Gill Hyslop

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.

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