ARNOTT’S TO RESTART MANUFACTURING IN NEW ZEALAND A YEAR AFTER PURCHASING 180DEGREES
Arnott’s Group, an Australian biscuit producer, is restarting manufacturing in New Zealand after a gap of a quarter of a century.
The company has announced that it is building a factory in Auckland, the country’s capital, that is set to open in 2023. It closed its previous New Zealand factory, located in a suburb of the city, in 1997.
The investment has been announced a year after, as reported by SIAL Paris Newsroom, the biscuit firm bought 180degrees, a New Zealand cracker company.
In a statement reported by local media, George Zoghbi, the chief executive of Arnott’s, indicated that the factory would help the company to strengthen its 180sdegrees brand.
“The new site will unlock significant opportunity for the 180degrees brand as it continues to grow both domestically and in Australia, and drive growth in the premium entertaining category for Arnott’s,” he said.
Australia’s largest biscuit manufacturer, reportedly selling more than 45 million packets a year, Arnott’s is known for products including Tiny Teddies and Tim Tam.
The company’s purchase of 180degrees came shortly after it bought three-quarters of Diver Foods, a snacks and cereals producer from Australia, and the snacks and cereals business of Freedom Foods, also from Australia.
In 2019, Sydney-based Arnott’s, which traces its history back to 1865, was itself bought from Campbell Soup Company by an American private equity firm, Kohlberg Kravis Roberts, for $3.2 billion.