UK: Weetabix "to refinance debt"

By Sam Webb | 8 September 2011

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.

Sectors: Cereal, Financials

Companies: Weetabix

There are currently no comments on this article

Be the first to comment on this article

Related articles

UK: Kellogg dismisses Which? sugar claims

Kellogg has hit back at claims by UK consumer watchdog Which? that some of its cereals contain too much sugar.

UK: Weetabix to "upgrade" UK, North America facilities

Cereal manufacturer Weetabix is to invest GBP20m (US$31.4m) on the upgrade of its facilities in the UK and North America.

UK: Weetabix adds to product range

UK cereal manufacturer Weetabix has announced four new products will be released at the end of the month.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page