Nestlé Australia is the country's biggest food company, as well as important subsidiary of the global Nestlé business. In addition to its portfolio of leading international brands the company markets a number of specifically Australian brands, including Milo nutritional drinks, Sunshine milk powder and Allens confectionery. The group sold its Peters' ice cream business in 2012 to private equity investors, but reacquired an equity involvement following the creation of global joint venture Froneri. The local outpost continues to market Nestle's ice cream products under license.
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