Tim Tam Business to be Sold: Arnott's biscuits brand put up for sale by Campbell Soup Owner

Detective Pikachu on 05/09/2018 - 20:34

Source:

Campbell Soup plans to sell its fresh food and international units, which includes Arnott's biscuits and the iconic Tim Tam.

The food conglomerate left open the possibility of putting the whole company up for sale, following a months-long review and pressure from a hedge fund to sell itself outright.

The two businesses put up for sale currently bring in about $US2.1 billion ($2.9 billion) in annual sales, about a quarter of Campbell's overall revenue.

Campbell International includes Australian biscuits brand Arnott's and the Kelsen Group, along with the company s manufacturing operations in Indonesia and Malaysia and its businesses in Hong Kong and Japan. Campbell Fresh includes Bolthouse Farms, Garden Fresh Gourmet and the company s refrigerated soup business.

Time to stock up?

Food & Grocery Arnott's Biscuit

Related Stores

Arnott's Australia
Arnott's Australia

Comments

  • Godric on 05/09/2018 - 21:24

    savescotchfingers

    • blitz on 05/09/2018 - 21:36
      +1

      You need to escape hash symbols first so that markdown will interpret them literally. Use the back slash ("\") for this, like so:

      #hashtag

  • ego22 on 05/09/2018 - 21:37
    +5

    I for one, would like to welcome our new future chinese snack food overlords. And im looking forward to the new flavours tim tam pork dumpling, ube, taro, and grass jelly.

    • scrimshaw on 05/09/2018 - 21:54
      +8

      Actually, if they had Matcha flavoured tim-tams I would buy the hell out of it. Would be cheaper than the imported Kit-Kats too pound for pound,

  • rompastompa on 05/09/2018 - 21:38

    What a sweet deal

  • Sage on 05/09/2018 - 21:40

    What does this mean in practical terms for consumers?

    • Nugs on 06/09/2018 - 04:52

      shouldn't you be telling us, wise sage?

      username does NOT checkout.

      .

    • [Deactivated] on 06/09/2018 - 07:49
      +2

      It means Tic Tocs need to be adjusted for daylight saving.

  • [Deactivated] on 06/09/2018 - 04:23

    I wonder if sale includes that pack of TimTams that never runs out ?? If so, Im keen to form a syndicate and we can purchase the infinite TimTam pack :)

  • [Deactivated] on 06/09/2018 - 07:46

    Are the updated Shapes varieties an asset or liability?

    • ThithLord on 06/09/2018 - 08:35

      Updated Shapes varieties taste like a Nun's nasty - I'd be glad to see those gone and the Originals reinstated permanently.

  • frostman on 06/09/2018 - 08:36
    +1

    Aussies need to understand there's no such thing as an 'Australian Brand' anymore.
    We're rubbish at keeping anything a local icon brand, be it automotive, food, or clothing.

    Look at Dairy Farmers, Billabong, Holden; all collapsed on the very notion of 'high operational costs/unsustainable', the real reason is these asswipes in charge just want fat pay checks and they go off selling Australian-born, Australian-icon merchandise to foreign powers.
    But then they jump on the crying bandwagon when it comes to Australian products disappearing…those hypocrites need to be shamed.

  • GG57 on 06/09/2018 - 09:23

    Arnotts just released their biscuit-inspired mini-cakes (e.g. iced vovo mini-cake). Anyone tried them?

    It must be an attractive company to buyers already in the food industry.

  • the Unforgiven on 06/09/2018 - 10:59

    maybe Bega Cheese will buy it like they bought Vegemite & peanut butter

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