Ownership and Corporate History
In 1997, the Campbell Soup Company of North America, a shareholder of Arnott's since the 1980s, acquired Arnott's in full. Thus, in 1997, Arnott's Biscuits Ltd became a wholly owned subsidiary of the Campbell Soup Company. This caused a significant amount of controversy in Australia, based on the desire for such an Australian icon to remain in Australian hands, and a fear that Campbell's would Americanise the products.
Manufacturing of Arnott's biscuits, however, remained in Australia, and as part of a long-term expansion plan, Arnott's closed its Melbourne factory in September 2002. At the same time, it expanded its facilities in Sydney, Adelaide and Brisbane.
In 2002, Arnott's acquired Snack Foods Limited.
In April 2008, Campbell Arnott's sold Arnott’s Snackfoods to The Real McCoy Snackfood Co and the company is now known as Snack Brands Australia.
Read more about this topic: Arnott's Biscuits Holdings
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