Australian baker KH Foods has agreed to sell its Balfours and Betabake businesses to San Remo for a combined AUS$7.4m (US$6.7m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Under the deal, San Remo also has the option to acquire some other assets of the Betabake business, which, if exercised, will result in KHF receiving up to a further AUS$2.3m (US$2.1m).


The agreement comes as KH Foods focuses on two businesses to revive its fortunes – a unit producing frozen and fresh savoury products at Dudley Park in Adelaide and its Betabake business in Sydney.


In October, KH Foods closed its head office in Melbourne in a bid to further trim costs following August’s sale of its grocery cake operations to George Weston Foods.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now