UK: Langholm "puts crisp firm Tyrrells up for sale"
Tyrrells is reported to be up for sale at a price of GBP100m
The UK private-equity firm, which acquired the Herefordshire-based business five years ago from potato farmer William Chase, is understood to have put the company up for sale with a GBP100m (US$151.9m) price tag.
According to The Sunday Times, Langholm has teamed up with corporate finance advisers McQueen to sell the company. Sales memorandum was sent out to potential suitors last week, and first-round bids are due next month.
A spokesperson for Langholm, however, said the company was not commenting on the reports.
Tangerine, Intersnack and Calbee did not return a request for comment at the time of going to press. Kellogg could not be reached.
The company told just-food last year that its key focus markets were France, Germany, the Netherlands and North America. It is also enjoying success across Scandinavia, Switzerland and the Middle East. The firm recently employed a staff member based in Thailand to cover the Asia region where China is also a focus for the company.
A swathe of third-quarter results dominated our pages last week, and a number made for grim reading. Cereal giant Kellogg lowered its full-year outlook and unveiled plans to cut 7% of its workforce wh...
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