Potential bidders for crisp maker Kettle Foods have reportedly tabled second bids for the US-based business.
Reports in the UK this weekend have linked McVitie’s owner United Biscuits with Kettle, which is said to have also attracted interest from the likes of Diamond Foods, PepsiCo and Snyder’s of Hanover.
Go deeper with GlobalData
Private-equity firm Lion Capital is said to be preparing to sell the snack maker for around US$700m.
Last month, Kettle told just-food that a number of interested parties had approached Lion, although the company declined to reveal the identity of the mystery suitors.
United Biscuits, the owner of the Phileas Fogg snacks brand, is thought to have offered up to GBP200m (US$313.8m) for Kettle’s UK asset.
US potato chips maker Lance, pretzel makers Snyder’s of Hanover and Intersnack, and organic food group Hain Celestial, are all understood to have made bids for either the whole company or just the US asset, according to the Sunday Telegraph.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataKettle employs around 730 people across production sites in the US and the UK and in 2008 generated sales of $235m.
