UK: Weetabix coy on "bid" for Dorset Cereals
Weetabix has refused to comment on speculation it is one of the firms looking to acquire Dorset Cereals
Weetabix has refused to "confirm or deny" reports it is one of the suitors looking to buy UK muesli manufacturer Dorset Cereals.
Last week there were reports Weetabix is one of a list of three manufacturers that have made a bid for the UK cereal firm.
Sky News reported Weetabix, Kellogg and Associated British Foods are among the bidders for Dorset Cereals, which is part of Wellness Foods, a health food group backed by horseracing tycoons JP McManus and John Magnier. Private-equity firms are also said to be interested, the broadcaster reported.
Last month, The Daily Telegraph reported Wellness Foods was looking to sell the business for GBP40m-50m (US$66.3-82.8m).
In an email to just-food today (7 April) a spokesperson for Weetabix said: "We're aware of the market speculation and will not be offering a comment to confirm or deny."
Today Weetabix announced plans to cut staff pay and hours in the UK, a reaction believed to be prompted by increasing pressure from supermarket own brands and discount food retailers.
Associated British Foods plc - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analys...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Synopsis Canadean's "Associated British Foods plc : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The...
Kellogg Company - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offering...
- On the move: What's in store from Tesco's new CEO?
- The just-food interview: Premier Foods CEO Darby
- On the money: Can Premier build H2 sales momentum?
- Focus: Lindt plays safe with Russell Stover buy
- Interview: Bell hits out at German cartel ruling
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- S&A Foods announces restructure, 55 jobs to go
- Premier launches Oxo pots range in UK
- Universal Robina to buy biscuit firm Griffin's