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

China's Yili gained as dairy market curdled in 2015

Rabobank's annual league table of the world's largest dairy companies has been released - and the data underlines what a challenging market it has been in recent months....

BLOG

Kellogg takeover chatter cools

Market speculation over a possible takeover of Kellogg surfaced this week, with the snacks-to-cereal maker linked to both Kraft Heinz and Coca Cola Co....

BLOG

More understanding needed of GMOs among consumers

The introduction of legislation requiring the labelling of GMOs in the US has gathered widespread public support....

BLOG

UK report examines "risks and challenges" to food system from climate change

The impact on the global food system is one of "six key priority areas" highlighted in the UK Climate Change Risk Assessment 2017 report, which sets out "the most urgent risks and opportunities" arisi...

just-food homepage



Forgot your password?