Gokongwei devours Snack Brands Australia

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

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 statement on Wednesday.

A core part of the Gokongwei family empire, Universal Robina says the acquisition of Snack Brands Australia is “completely synergistic” with Griffin’s Foods, the New Zealand snack food firm...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222