Australian biscuit giant Arnott’s is cementing its foray in the cereal and snacks sector with a new business unit, Good Food Partners, created from the bolt-on acquisitions from Diver Foods and Freedom Foods.
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.
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.
Jefferson Smurfit has said that the potential second bidder has
withdrawn its offer for the Irish paper and packaging company,
clearing the way for Madison Dearborn Partners to seal its €3.7