FDBusiness.com

United Biscuits Sale Talks Close to Collapse

 Breaking News
  • Mondelēz International Opens $90 Million ‘Factory of the Future’ To meet growing consumer demand, Mondelēz International has inaugurated its newest ‘Factory of the Future’ in the Kingdom of Bahrain. The company invested $90 million in the state-of-the-art biscuit manufacturing plant that produces iconic Power Brands, including Oreo cookies and Barni soft cakes, for local consumers and serves as a hub for exports to the Gulf region, the Levant and Africa, [...]...
  • Musgrave Agrees €5 Million Export Deal Musgrave Group, Ireland’s leading food retail and wholesale company, has announced an export deal worth €5 million with Alosra, the Kingdom of Bahrain’s leading high-end supermarket. Alosra is the grocery retail subsidiary of BMMI Group, a long-established retail, distribution and hospitality group that is listed on the Bahraini stock exchange. Under the terms of the agreement, Musgrave will [...]...
  • New CEO For Europe at ARYZTA ARYZTA has appointed Gregory Sklikas as CEO Europe as a sucessor to Dermot Murphy, who has decided to step down from his position. Gregory will join ARYZTA at the end of May 2018 with Dermot providing mentoring and support as Gregory transitions into the role on Dermot’s departure at the end of August. ARYZTA CEO, Kevin Toland [...]...
  • Frutarom Reduces Acrylamide, Naturally Frutarom Food Protection Solutions is offering its all-natural, high-antioxidant solution for reducing acrylamides in heat-processed foods, decreasing oxidation and extending shelf life. High-heat cooking can impart potentially carcinogenic acrylamides at levels that can exceed 1,000 ppb. As of April 11, 2018 new European Union legislation set new “benchmark” levels for the amount of acrylamide in foods [...]...
  • New Technology Gives Distillery Owners a Virtual Experience The opening of the first legal distillery on the island of Raasay was the latest in a series of projects that underline the technological advancements being made in the distilled spirits sector in the UK and Ireland. As more and more distillers look to launch their own unique spirit, so the pressure is on for [...]...

United Biscuits Sale Talks Close to Collapse

United Biscuits Sale Talks Close to Collapse
October 28
10:41 2010

The exclusive talks to acquire United Biscuits, the British and international biscuits and snacks manufacturer, between its owners and Chinese food conglomerate Bright Food Group are reported to have stalled over the asking price of around £2b. United Biscuits was put up for sale earlier this year by its private equity owners Blackstone Group and PAI Partners, which acquired the business for £1.6b four years ago.

United Biscuits is one of the world’s leading branded biscuits and snacks businesses. The group’s products range from biscuits and crackers to cakes and savoury snacks and its portfolio of brands includes McVitie’s, Jacob’s, Carr’s, McCoy’s, Hula Hoops, McVitie’s Jaffa Cakes, KP, Mini Cheddars, go ahead!, Verkade, Sultana, BN, and Delacre. In 2009, United Biscuits increased EBITDA by 13.7% to £223.4m on turnover up 5% to £1.26b.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 24, 2018Scandinavian Wine Expo
  • April 24, 2018InterFood Krasnodar
  • April 24, 2018Seafood Processing Global
  • May 2, 2018The Food and Drink Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements