Vegemite comes home to Australia under Bega-Mondelez deal

Sydney

AFTER more than 90 years, the popular Australian Vegemite brand is coming home.

Bega Cheese will be the new owner of the spread following its deal to buy most of Mondelez International's grocery brands in Australia and New Zealand for A$460 million (S$496.1 million).

The deal returns the salty, slightly bitter spread to full local ownership for the first time since 1926. Developed by a young Australian chemist from brewer's yeast, Vegemite has a huge following of customers who have grown up with it and was famously referenced in the Men a…