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Mondelez strikes deal for Australian crackers firm Gourmet Food

Mondelez to enter crackers category in Australia
Mondelez International has entered what it calls the premium biscuit and cracker segment in Australia and New Zealand with an agreement to acquire Gourmet Food Holdings.
The US-based snacking and confectionery major, owner of the Cadbury chocolate range and Oreo snacks, said the crackers deal is a strategic fit, with plans to accelerate Gourmet Food s growth, leveraging its manufacturing, research and development capabilities .
Current owners, Sydney-based private-equity firm CPE Capital, formed Gourmet Food in 2018 - when the investor was known as Champ Private Equity - through the merger of MaxFoods and Fine Food Holdings. Media reports in Australia suggested in January the private-equity firm had put the company on the market, with Mondelez understood to be one of the interested parties, along with other private-equity businesses. ....

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Australia's Gourmet Food Holdings 'attracts suitors'

Suitors said to be looking to net salmon business Gourmet Food Holdings
Gourmet Food Holdings, the Australian crackers-to-salmon supplier, is reportedly up for sale and private-equity owner CPE Capital is said to want binding offers to come in next month.
The Australian Financial Review, citing unnamed sources, said CPE Capital had drawn up a shortlist of suitors, which includes the private-equity firms KKR and Pacific Equity Partners, as well as Ritz crackers owner and US snacks giant Mondelez International.
The publication also said it had been told Associated British Foods, which owns Australian manufacturer George Weston Foods and Philippines-based food manufacturer Universal Robina Corp., were also preparing offers. ....

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