Campbell Soup to sell Australian snack maker behind Tim Tam in $2.2 billion deal [USA TODAY]
The Campbell's Company (CPB)
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Source: USA TODAY
Campbell Soup to sell Australian snack maker behind Tim Tam in $2.2 billion deal CLOSE CONNECT TWEET LINKEDIN COMMENT EMAIL MORE An investor advisory firm has recommended that Campbell Soup Co. stockholders vote to oust five members of the company's board. (Photo: Jim Walsh, Staff photographer) CAMDEN – Campbell Soup Co. is bidding farewell to Tiny Teddy and Tim Tam. Although likely unfamiliar to U.S. consumers, those are popular brands for Arnott’s, a Campbell-owned snack maker in Australia. And while Arnott’s website describe the business as “a piece of Australia’s history,” it soon will be in the past for Campbell, too. The Camden firm on Friday announced a $2.2 billion deal to sell Arnott’s as part of its turnaround effort. The prospective buyer, investment firm KKR, also would acquire “certain of Campbell’s international operations” in a cash transaction, Campbell said. Campbell puts its international and fresh food operations on the market in August 2018, saying sale proceeds wo
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