Australia: Intersnack acquires minority stake in Universal Robina division
Intersnack, the Germany based-snack giant, has acquired a 40% stake in Universal Robina’s Australia and New Zealand business URC Oceania, according to ESM and Inquirer.net reports. The partnership is intended to boost the two companies’ presence in the region’s snack food market. Intersnack will reportedly pay for the transaction through a combination of cash and […]
Australia: Universal Robina purchases Snack Brands Australia for $460 million
Philippine food and beverage manufacturer Universal Robina has expanded its business in Australia by acquiring Snack Brands Australia for $460.86 million. URC International Co Ltd, a subsidiary of Universal Robina, will purchase 100 % of the shares in the Australian company. Snack Brands Australia manufactures potato and corn snacks under brands such as e CC’s, […]