Universal Robina Pays $609M For Snack Maker

Law360, New York (July 21, 2014, 5:25 PM EDT) -- Philippine beverage and snack manufacturer Universal Robina Corp. has purchased New Zealand snack food company Griffin's from a private equity firm for $609 million, in a move Griffin’s says will introduce a number of popular brands to rapidly expanding snack food markets in southeast Asia, according to a statement released Monday.

Universal Robina, a unit of Philippine conglomerate JG Summit Holdings Inc., acquired the company from Australian private equity firm Pacific Equity Partners, which purchased Griffin’s from French company Danone SA in 2006.

The sale is in...
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