UK: Weetabix "to refinance debt"
UK cereal manufacturer Weetabix has reportedly started talks with bankers about a potential GBP900m (US$1.4bn) debt refinancing.
The Financial Times today (8 September) quoted sources that claim the company, which also produces Ready Brek and Alpen brands, is refinancing some or all of its debt.
However, when contacted by just-food, Weetabix and its owner, private-equity firm Lion Capital, declined to comment.
Lion Capital acquired Weetabix in 2004 and has been linked to a possible US$2bn bid to buy US cereal manufacturer Post Foods.
Last week, Weetabix appointed a new CEO, Giles Turrell, who will leave paper goods company Kimberly-Clark.
- Focus: Why ABF is making bread better-for-you
- Why China was central to Nestle executive change
- just the answer: Gardein founder Yves Potvin
- Analysis: Quality, innovation driving Chinese milk
- Comment: How dairy can leverage nutrition
- Kellogg CEO: sales trends are improving
- Finsbury buys Johnstone's Just Desserts
- Oreo, gum propels Mondelez in China
- General Mills cuts Yoplait sugar by 25%
- Dean Foods brings milk brands under single label
- ALDI 2015: Radically transforming Anglo Saxon grocery markets
- Global Seasonings, Dressings & Sauces Market: Merger and Acquisitions February 2015
- Consumer and Market Insights: Confectionery Market in the UK
- Food and beverage packaging today – what’s next?
- North America Food & Beverage Stabilizers and Systems Market – Analysis and Forecast upto 2019