AUSTRALIA: Dick Smith “distraught” as Snack Foods goes into foreign hands
Dick Smith, the owner of Dick Smith Foods, the Australian food manufacturer that prides itself on keeping profits within Australia, has expressed his disappointment at the news that the company's main savoury biscuit supplier, Snack Foods, looks set to go into foreign hands. Snack Foods is being bought by Arnott's, a subsidiary of US food manufacturing giant Campbell Soup. Arnott's made a A$258m (US$148.6m) bid for Snack Foods earlier this week (click here for further details), and the bid was endorsed by the Snack Foods board and its biggest shareholder, billionaire Richard Pratt.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- CAGNY analysis: Danone's growth strategy
- How General Mills plans to grow - CAGNY
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Interview: A2 Milk Co. chair firm's rapid rise
- Unilever launches operational review
- Nestle launches global sugar target
- Bonduelle to buy US produce group Ready Pac Foods
- Unilever 'giving serious thought to split'
- ABF sees further grocery revival