Gokongwei devours Snack Brands Australia

Universal Robina, the Gokongwei family’s flagship F&B company, is buying the Australian snack business for $461 million.

Gokongwei devours Snack Brands Australia

Universal Robina has taken another bite out of the Australasian market by snapping up Snack Brands Australia for A$600 million $461 million, as the Philippine food and beverage giant looks south for new drivers of growth.

The Manila-listed company plans to create a wider footprint in the Oceania region with Snack Brands Australia providing a solid anchor in the highly competitive Australian fast moving consumer goods and retailing market, it said in a...

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