Vending

Mondelēz International acquires Gourmet Food Holding in Australia

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March 9, 2021

Mondelēz International has agreed to to acquire Gourmet Food Holdings Pty. Ltd., an Australian a provider of premium biscuits and crackers, according to a press release. Terms of the transaction were not disclosed.

Gourmet Food's brands, including OB finest, Olina's Bakehouse and Crispbic, have grown to become category leaders in the premium crackers and biscuits segments throughout Australia and New Zealand, according to the release.

"With our iconic biscuit brands such as Oreo and belVita, as well as our leadership in chocolate with Cadbury, this acquisition will accelerate our broader snacking leadership in Australia and New Zealand," Dirk Van de Put, chairman and CEO of Mondelēz International, said in the release.

Oliver Flint, current COO, has been appointed as Gourmet Food's managing director while Co-Founder and CEO Todd Wilson will remain with the business as an advisor.

Mondelēz International will provide Gourmet Food with resources to accelerate growth, while leveraging its manufacturing, research and development capabilities.

"With fast-growing premium and well-being products, strong customer relationships and agile, local manufacturing, these brands will be a great complement to our local portfolio," Maurizio Brusadelli, executive vice president, Asia Pacific, Middle East and Africa, Mondelēz International, said in the release.

Included in the transaction is Gourmet Food's prepackaged seafood business including the Ocean Blue brand. There are no closing conditions and the transaction is expected to close in April.