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.


BLOG

Unilever claims sales boost from sustainability

Unilever today (5 May) published news on the progress it is making on its ten-year programme to double in size while reducing its impact on the environment - and claimed its efforts were becoming an e...

BLOG

UN warns poor maize harvest likely

The United Nations Food and Agriculture Organization (FAO) has warned lower maize harvests in Africa could "trigger food price increases"....

BLOG

The roller-coaster of home-baking sales

Home baking category sales have had something of a roller coaster ride in recent years. ...

just-food homepage



Forgot your password?