Subscribe today - find out more
Why you should consider BusinessDesk
Retail

Biscuit brand Griffin’s new owner

Rebecca Stevenson
Mon, 06 Sep 2021

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

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion FREE
UK trade deal reverses an ugly history
Tim Groser | Fri, 22 Oct 2021

The free trade deal announced on Thursday puts to bed half a century of troubled and tortured negotiations.

Technology
Scott Technology’s record result leans on meat and mining
Henry Burrell | Fri, 22 Oct 2021

The robotics firm’s strong global presence has been bolstered by a new deal with a white goods giant. 

Retail
Small businesses in 'hard out survival mode'
Oliver Lewis | Fri, 22 Oct 2021

An economist is warning NZ businesses are entering the highest risk period for failures.

Sponsored
Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.