MONDELĒZ INTERNATIONAL ACQUIRES GOURMET FOOD HOLDINGS
Mondelēz International has acquired Gourmet Food Holdings Pty Ltd, a leading Australian food company with a strong position in the premium biscuit and cracker category, for an undisclosed sum.
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.
Dirk Van de Put, Chairman and CEO of Mondelēz International, said: “This is a great strategic asset for us in a very important market.
“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.”
Gourmet Foods’ current Chief Operating Officer, Oliver Flint, has been appointed as the company’s Managing Director while co-founder and CEO Todd Wilson will remain within the business as an advisor.
Van de Put said that Mondelēz International will provide Gourmet Food with resources to accelerate growth, while leveraging its manufacturing, research and development capabilities.
Maurizio Brusadelli, Executive Vice President & President, Asia Pacific, Middle East and Africa at Mondelēz International, said: “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.
“We are excited to welcome Oliver, Todd and the entire Gourmet Food team to our organisation.”
Included in the transaction is Gourmet Food’s pre-packaged seafood business including the Ocean Blue brand.