Biscuit brand Griffin’s new owner

Griffin's Foods also has the Eta and Nice and Natural brands. (Image: Screengrab)

Mon, 06 Sep 2021

German giant Intersnack Group will become the new owner of biscuit maker Griffin’s Foods after it agreed to buy out the remaining shares of a joint venture with Universal Robina.In a statement provided to BusinessDesk, Intersnack said it would acquire the further 60% of shares in Griffin’s owner Unisnack NZ. The sale price and terms were not disclosed.However, in a July filing to the US Securities and Exchange Commission, Universal Robina said it would receive net cash proceeds of US$476m for shares, with Intersnack also assuming US...

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