Mondelēz International acquires Gourmet Food Holdings

Mondelez International

Monday, 15 March, 2021


Mondelēz International acquires Gourmet Food Holdings

Mondelēz International has announced it has acquired Australian cracker company Gourmet Food Holdings.

The US multinational snack food company said the move provided a strategic opportunity as it looks to break into the premium biscuit and cracker category. Terms of the deal were not disclosed.

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

“With fast-growing premium and wellbeing products, strong customer relationships and agile, local manufacturing, these brands will be a great complement to our local portfolio,” said Maurizio Brusadelli, Mondelēz International’s EVP and President of the Asia Pacific, Middle East and Africa regions.

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 with the business as an advisor.

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

Included in the transaction is Gourmet Food’s pre-packaged seafood business including the Ocean Blue brand.

The transaction is expected to close in April.

Image credit: ©stock.adobe.com/au/Africa Studio

Related News

Aussie food and ag start-ups invited to pitch comp

Aussie food and agri start-ups can showcase their businesses on the world stage by applying for...

Bookings open for AIP sustainable packaging course

The introductory course is designed for beginners who want to learn about how to choose...

LAPP Australia celebrates connectivity pioneer Oskar Lapp

After escaping the Soviet Union as a POW, Oskar Lapp created a solution to a common problem. He...


  • All content Copyright © 2021 Westwick-Farrow Pty Ltd