Yildiz Holding, the Turkey-based food company, has offloaded part of its majority shareholding in local biscuits business Ülker Bisküvi to Pladis, the group's UK-based subsidiary.
The sale of Belgian biscuits maker Delacre to the private investment vehicle of Giovanni Ferrero, the head of the Italy-based Ferrero confectionery group, has been completed, it was announced today (5 December).
Pladis, the UK-based biscuits arm of Turkey's Yildiz Holding, is reportedly looking to sell French brand BN and Dutch business Continental Bakeries has been named as a potential buyer - although both companies declined to comment today (17 November) when contacted by just-food.
Ferrero's move to buy Delacre is to be examined by competition officials, snacks giant Pladis, the owner of the Belgian biscuit maker, has confirmed.
Pladis, the snack business of Turkish conglomerate Yildiz Holding, is increasing its investment in order to grow sales in the global chocolate and biscuit categories, CEO Cem Karakas told just-food.
Turkish conglomerate Yildiz Holding has announced plans for its domestic market to become the group's "base" for chocolate production and for the manufacture of new chocolate products for its snacks subsidiary, Pladis.
Pladis has unveiled a "super-premium" range of chocolate bars in the US and online under G by Godiva sub-brand.
Italy-based confectioner Ferrero has confirmed it has made a formal bid to acquire Belgian biscuits maker Delacre, which is part of Pladis, the newly-formed biscuits and chocolate subsidiary of Turkish conglomerate Yildiz Holding.
Pladis is extending its Jacob's savoury cracker brand in the UK with the launch of ciabatta crackers.
United Biscuits owner Pladis has played down reports that it is in talks with Ferrero, aimed at the Italian confectionery company acquiring Pladis' Belgian luxury biscuits business Delacre.
Yildiz Holding, the Turkish owner of brands including Godiva and McVitie's, has said it plans to list its recently established food unit, Pladis, in London by 2020 as part of a push to become the world's largest snack group.
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