Kraft Heinz

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.