KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott...
) paid $460 million for the maker of some of Australia’s best-known salty snacks, including CC’s, Kettle chips and Thins, from local interests.
Though Australians are used to Arnott’s being owned by foreign interests - Campbell bought it in 1997 - the sale gives KKR control of assets that have been synonymous with snacking in the 12th-largest economy for a century and a half. Arnott’s also makes Iced Vovos, SAO, Wagon Wheel, Monte Carlo and Mint Slice biscuits.
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