The sale to KKR was flagged last year as part of Campbell's plan to sell its entire international operations of which Arnott's is the single biggest money spinner, accounting for around three-quarters of Campbell's $1.4 billion in offshore sales. KKR is not known as a long-term holder of assets, which could see Arnott's return again to Australian hands down the track in much the same way Vegemite was extracted from Mondelez by Bega Cheese two years ago. Arnott's can trace its heritage back 172 years to the arrival of a Scottish baker William Arnott who set up shop in the Maitland area before relocating to Hunter Street in Newcastle. We outline the Arnotts Biscuits Holdings Pty Limited’s key personnel by position type and title. This website uses cookies to improve your user experience while you navigate through the website. KKR's highest-profile Australian deal was the 2006 partnership with Kerry Stokes to take over the Seven Network, a venture it would sell out of seven years later at a loss. We also use third-party cookies that help us analyze and understand how you use this website. KKR will pay $3.14 billion for the international arm of US food giant Campbell Soup, which owns Arnott’s, The Australian Financial Review reported. Our expert reports are thoroughly researched, reliable and current, enabling you to make faster, better business decisions. Arnott's formed a strategic alliance with Campbell's in the 1970 to battle other big US food conglomerates, such as Nabisco, which were taking a sizable bite out of the market. Gain insight into the industry trends and competitive forces that Arnotts Biscuits Holdings Pty Limited is exposed to. A high-level overview of Arnotts Biscuits Holdings Pty Limited’s registered business details, a company synopsis, history and background, as well as Arnotts Biscuits Holdings Pty Limited’s main brands and products. Bega's decision to spend $460 million to purchase Vegemite is a reminder that many Australian pantry staples are foreign-owned. Where available, we provide details of Arnotts Biscuits Holdings Pty Limited’s banker, external auditor, insurance broker, internal auditor, solicitor and telecommunication provider. Gain strategic insight and analysis on 700+ Australian industries (& thousands of global industries). Arnotts Biscuits Holdings Pty Limited is a wholly-owned subsidiary of Asia Snacking Pte Ltd, a Singapore-based firm. Chocolate biscuits - Brands include Tim Tams, Mint Slice, Family Chocolate, Wagon Wheels and Teevee Snacks. Get a full view of Arnotts Biscuits Holdings Pty Limited’s financials, including Profit and Loss Account (Revenue, Interest, Profit and Loss, and Audit Fees) and Balance Sheet (Current Assets, Non-Current Assets, Current Liabilities, Non-Current Liabilities, Shareholders’ Equity), as well as Number of Employees, Number of Share on Issue, Market Capitalisation and Earnings per Share where available. KKR has form, and a degree of notoriety, in the biscuit game, having organised a debt-fuelled buyout of Nabisco in 1988 for $44 billion, which was the largest leveraged buyout at the time. Brands include Tiny Teddy, Delicious Creams and Fancy Favourites. Arnotts Biscuits Holdings Pty Limited is a wholly-owned subsidiary of Asia Snacking Pte Ltd, a Singapore-based firm. LEARN MORE. The development of the Milk Arrowroot biscuit in 1882 saw Arnott's crack the Sydney market and the company become a national brand. By 1874 Mr Arnott had opened his first factory, marketing his robust Ships Biscuits to long haul sea voyages. Which household brands are still Aussie owned? The AFR said the sale price was understood to be $US2.2 billion ($A3.1 billion) and involved the entire Campbell's International division, including Campbell's soup sold in Australia. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. By continuing to use this website you agree to the use of these technologies. Savoury biscuits - Brands include Shapes. IBISWorld partnered with the Australian Financial Review to publish a list of Australia’s Top 500 Private Companies for 2019. American private equity firm Kohlberg Kravis Roberts (KKR) bought Arnott's from the Campbell Soup Company in 2019. Campbell's soup company had owned Arnott's outright since 1997 and will sell it for $3.1b, according to media reports Arnott's traces its history back 172 years to a bakery in Newcastle opened by a Scottish migrant Private equity firm KKR is not a long-term owner of … IBISWorld partnered with the Australian Financial Review to publish a list of Australia’s Top 500 Private Companies for 2019. 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