date:Jul 26, 2019
American private equity firm KKR has agreed to acquire Campbell Soups Australian business Arnotts in a deal reportedly valued at $2.2bn.
Citing anonymous sources, The Australian Financial Review newspaper reported that the companys popular biscuits brand Tim-Tams is also part of the deal.
Snacks business Arnotts is the biggest single brand in Cambells international portfolio, generating $737m annual revenue.
KKRs Australia-based spokeswoman said: I can confirm that KKRs offer for Arnotts was