Sector News

Universal Robina buys Australian snacks maker for $461 mln

August 17, 2016
Food & Drink

Philippine snacks and beverage manufacturer Universal Robina Corp said on Wednesday it is buying the maker of Snack Brands Australia (SBA) for A$600 million ($460.86 million), expanding its portfolio in the Oceania region.

Universal Robina said its subsidiary URC International Co Ltd will buy 100 percent of Consolidated Snacks Pty Ltd, which uses the SBA brand name for its salty snacks, from Toccata Securities Pty Ltd and Hopkins Securities Pty Ltd. (

“URC plans to create a wider footprint in the Oceania region with SBA providing a solid anchor in the highly competitive Australian fast moving consumer goods and retailing market,” the company, a unit of Philippine conglomerate JG Summit Holdings inc, told the Philippine Stock Exchange (PSE).

In 2014, Universal Robina acquired Griffin’s Foods Ltd, New Zealand’s leading snack maker, from Australia’s Pacific Equity Partners for NZ$700 million.

The PSE imposed a one-hour trading halt on Universal Robina shares from 0240 GMT to give the investing public time to digest the material information. ($1 = 1.3019 Australian dollars)

By Neil Jerome Morales

Source: Reuters

comments closed

Related News

May 15, 2022

Blurred lines: Vitafoods Europe 2022 review

Food & Drink

Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.

May 15, 2022

Crunch time: Mondelēz to dump chewing gum to take bigger bite of chocolate and biscuits markets

Food & Drink

Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.

May 15, 2022

Givaudan strengthens natural preservation portfolio with nitrite alternative for processed meat

Food & Drink

Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.