19/01/2017 10:08 AM AEDT | Updated 19/01/2017 7:14 PM AEDT

Vegemite Is Coming Home: Bega Dairy To Buy Vegemite From Mondelez

We're all happy little Vegemites.

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Vegemite is coming home

Vegemite will be Australian once again. Bega dairy has announced it will buy most of the transnational food giant Mendelez's grocery and cheese business in Australia and New Zealand.

Bega will pay $450 million for the acquisition according to a statement made to the Australian Stock Exchange, which will include cheeses, mayonnaise, nut spreads and Kraft products such as Mac and Cheese and, of course, Vegemite. It will not include Philadelphia products.

There has been a spike in Bega's share price since the announcement.

There's also been a spike in the mood of happy little Vegemites all over Australia. Because, as we know, Vegemite puts a rose in every cheek.