AUS: Campbell completes snack sale
The Campbell Soup Company has completed the sale of its Australian salty snacks brands.
The business, including two production plants and some well-known brands, has been purchased by a group of Australian investors including the senior management of Australian snack group The Real McCoy.
The transaction included the Cheezels, Thins, Tasty Jacks, French Fries, and Kettle Chips brands.
The sale was originally announced at the end of April, when Campbell's president and CEO Doug Conant said the move would strengthen the company's "relentless focus" on simple meals, baked snacks and healthy drinks.
The sale "will continue to position Campbell as a high-performing focused food company," Conant added.
The financial details of the deal have not been disclosed.
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