Blog: Rumour mill over United Biscuits snacks unit interest continues
Michelle Russell | 8 October 2012
Reports have surfaced once again that United Biscuits has attracted more bidders for its salty snacks division.
The company declined to comment on reports this morning (8 October) the unit might be sold to a Russian-British private equity firm in a GBP450m auction.
Reports emerged over the weekend that Pamplona Capital Management is a favourite to win the bid, although the company did not return comment at the time of going to press.
United Biscuits also declined to comment on the reports.
Pamplona is one of a number of companies reported to be preparing bids for the division, which has brands such as Hula Hoops, KP Nuts and Skips.
Last week, former Tesco boss Sir Terry Leahy was reported to be leading a bid by private equity firm Clayton Dubilier & Rice (CD&R) for the salty snacks business of United Biscuits.
A spokesperson for United Biscuits confirmed to just-food last month that it was "actively trying to sell the KP snacks business" and that documentation giving details of the business had been sent to potential purchasers.
The spokesperson said there had been "a good level of interest" for the business but declined to comment on who the recipients were.
It is understood the deadline for bids is tomorrow.
Just weeks after announcing a purchasing tie-up in France with local rival Systeme U, Auchan has outlined an international agreement with Germany's Metro Group....
Tesco has reported a massive 92% drop in first half profits as the accounting fiasco continues to widen....
A conference being held in London today is taking on the ambitious topic of agricultural technology and specifically will be looking at the implementation of the UK government's Agricultural Technolog...
As the importance of health has grow in consumers' minds, frozen food has been left out in the cold. But two major manufacturers in the US are looking to heat up the sector by claiming frozen food mea...
- SIAL 2014: Greek yoghurt firm Fage targets Europe
- On the money: Spreads, ice cream top Unilever woes
- Why Nestle is relaxed about the China "drag"
- Focus: Will Danone return to growth in dairy?
- SIAL: French firm Michel et Augustin to enter US
- SIAL 2014: Premier in talks over US manufacturing
- Symington's acquires Tanfield Foods
- Kellogg, Nestle slammed for "chaotic" salt policy
- Heinz silent over Polish factory expansion talk
- Premier cautious on profits after Q3 sales slide