Manufacturing News

Filipino food group acquires Menora Foods

Filipino food group Monde Nissin Corporation has acquired privately owned Australian business Menora Foods.

According to the Australian, the acquisition cost about $55 million, although neither party would confirm that figure.

Menora Foods was established in Melbourne in 1967. One of Australia’s largest privately owned food marketing and distribution businesses, it markets over 1500 food products and distributes brands such as Wattle Valley cheeses and dips, Peckish rice snacks, Cobram Estate olive oil, and Maille mustard.

“I am very pleased to welcome the Menora Foods team and its partners into the Monde Nissin family. Monde Nissin aspires to be a significant foods and beverages player in the Asia Pacific region, we see Australia as a very important market that we should have a strong presence in, and Menora Foods with its marketing and distribution capability provides us with a very good strategic fit in achieving our vision,’’ Henry Soesanto, executive vice president of Monde Nissin Corporation, said.

“The combination of Menora’s own brands, Wattle Valley and Peckish as well as its leading agency brands, combined with Monde Nissin’s category leading Black Swan and Nudie brands, provides a solid platform within the Australian and export markets to support growth and new opportunities.”

As the SMH reports, the acquisition follows Monde Nissin Corporation’s purchase of Nudie Juices earlier this year and its purchase of dip maker Black Swan last year.

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