Blog: Germans make another raid on UK food
Dean Best | 5 December 2012
Intersnack has struck a deal to buy United Biscuits' salty snacks business, securing the third German acquisition of a UK food firm in 2012.
The owner of Pom-Bear crisps will attain a batch of brands that are snack staples in the UK like KP nuts and McCoy's to its portfolio.
The deal, announced today, will also dramatically increase its business in the UK. United Biscuits' salty snacks sales are GBP280m, compared to Intersnack UK revenue of GBP80m.
PepsiCo remains the snack titan in the UK but, along with Kellogg's acquisition of Pringles earlier this year, Intersnack's acquisition of the KP nuts-led business, will give the US giant stiffer competition.
And, intriguingly, Intersnack's swoop for the United Biscuits' business, is the third German takeover of a UK food manufacturer this year.
Two months ago, German group Zertus snapped up similarly-named Zetar, a UK firm that supplies own-label confectionery and snacks, as well as products developed under brands like Guinness and Tango, to UK retailers.
And earlier this year, yoghurt giant Muller acquired UK milk supplier Robert Wiseman Dairies.
At its base level, the takeovers could demonstrate the strength of privately-owned German companies operating with strong cash reserves.
However, Intersnack has indicated it believes the UK market is a good one in which to operate for all the gloom around the economy.
And with the UK Chancellor today promising another cut in corporation tax, the UK's attractiveness as a destination for investors could increase further.
Four campaign groups in the US have urged the country's Food and Drug Administration to close a "loophole" in regulations on food additives and bring the rules - due to be finalised by August next yea...
The Cargill meat processing facility in Hazleton, Pa., has become the company's first certified landfill-free production site. ...
PepsiCo has honed in on a sponsorship deal with the National Basketball Association, replacing current sponsor and chief soft drinks rival The Coca Cola Co. ...
The UK Labour Party today (13 April) issued its manifesto for the country's upcoming general election - and has pledged to take aim at sugar....
- Comment: Nestle reacts to world of 3G and Buffett
- Why it is too early to call Unilever food revival
- France takes big step to uniform FOP labels
- What the analysts say: The verdict on Danone's Q1
- How will Flowers Foods grow in speciality bread?
- Unilever food, refreshment sales rise
- Fonterra says rain needed to maintain milk supply
- Organic food sales in US up 11% in 2014
- UPDATE: Danone CEO upbeat on 2015 growth
- Nestle in "exclusive" Davigel talks with Brakes