date:Jul 22, 2014
New Zealand snackfood company Griffins is being bought by Universal Robina Corp. of the Philippines for NZ$700 million ($609 million).
Universal Robina will pay NZ$100 million immediately and the balance on completion of the transaction, which is subject to approval by New Zealands Overseas Investment Office, Manila-based Robina said in a statement today. Griffins is owned by Pacific Equity Partners, an Australian private equity fund manager.
Founded in 1864, Griffins makes popular biscuits su