Bega Cheese has announced it will buy most of Mondelez International’s Australia and New Zealand grocery and cheese business for $460 million. The purchase includes Vegemite and Kraft-branded products like peanut butter, cheeses and mayonnaise but excludes Philadelphia products. This means Vegemite will be Australian owned once again.
This news is as big as Patties Foods’ purchase of another Aussie food icon, Four ‘N’ Twenty pies, from American food company Simplot in July 2003.
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