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Australia's fund backs Arnott’s with $45M for expansion, job creation, and exports.
The Australian National Reconstruction Fund has committed $45 million to a $1.7 billion debt financing deal for Arnott’s, the maker of Tim Tams, to expand manufacturing, boost exports, and secure 2,500 Australian jobs.
The investment, part of a broader strategy to strengthen domestic industry, supports a foreign-owned company—currently controlled by U.S. firm KKR—amid ongoing debate over whether traditional food manufacturing aligns with the fund’s goals of economic diversification and net zero transition.
The fund also recently invested $36 million in Patties Foods.
The NRF aims for a 2 to 3 percent return above government bond rates and emphasizes the strategic importance of iconic Australian brands in global markets.
El fondo australiano respalda a Arnott con 45 millones de dólares para la expansión, creación de empleo y exportaciones.