Gourmet Foods – sale to Mondelez International
Miles Advisory Partners advised the shareholders of Gourmet Food Holdings on the sale of the business to Mondelez International.
Transaction Details
Sector
Consumer
Miles Role
Sell-side advisor to the shareholders of Gourmet Food Holdings
Deal Type
Business Divestment
Year Completed
2021
Contacts for this Transaction
Lloyd Way
Managing Director
Rohan Manikath
Managing Director
Overview
- Gourmet Food Holdings is an Australian premium food business, best known for its premium cracker brands and chilled and specialty food products, with strong positions in the grocery and delicatessen channels
- Miles was engaged to advise the shareholders of Gourmet Food Holdings on the divestment of the business to Mondelez International, the global snacking company
- The sale gives Mondelez ownership of an established premium cracker platform in Australia, extending the global group's portfolio into adjacent premium snacking categories
Industry Context
Global snacking majors continue to acquire premium, locally relevant food brands to broaden their portfolios beyond core confectionery and biscuit lines and to capture higher-margin premium categories. Premium crackers and specialty foods are attractive because they carry brand loyalty, distribution scale and pricing power that are difficult for multinationals to replicate organically in a given market.
Further information on this transaction is available at: Gourmet Foods / Mondelez International Press Release
