date:Jul 22, 2014
conglomerate JG Summit Holdings Inc, said it would acquire Griffin's by buying the latter's holding firm NZ Snack Food Holdings Ltd in cash.
Universal told the Philippine Stock Exchange its offshore unit, URC International Co Ltd, will fund the acquisition from long-term debt financing and internal sources.
(Universal) has been looking for opportunities to explore potential acquisitions and partnerships in line with our vision to be a significant regional player in snack foods and beverages,