Kraft acquires Australian, NZ food brands from Japan’s Suntory Group
( October 20, 2017, 04:23 GMT | Insight) -- Japan's Suntory Group has sold Australian and New Zealand food brands Fountain, Foster Clark's and Gravox to Kraft Heinz for A$290 million ($228.1 million) as it divests its Cerebos food and instant coffee business, the Sydney Morning Herald reports.Japan's Suntory Group has sold Australian and New Zealand food brands Fountain, Foster Clark's and Gravox to Kraft Heinz for A$290 million ($228.1 million) as it divests its Cerebos food and instant coffee business, the Sydney Morning Herald reports. The sale of Cerebos is expected to be completed in early 2018, subject to regulatory approvals. The deal does not include Suntory's Cerebos Fresh Coffee business in Australia and New Zealand. ...
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