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

Tesco-Booker deal gets green light as UK grocery landscape shifts

Here in the UK, we've had two significant pieces of M&A news in the grocery retail channel in the last 24 hours....

BLOG

Getting the basics right online

Failed launches cost grocery brands operating in the UK over GBP30m per year - but ironing out mistakes made in listing new products online could help improve marketeers' chances of success, according...

BLOG

US trade body GMA loses another high-profile member

Just months after Campbell Soup Co. decided to leave The Grocery Manufacturers Association, the US lobby group is to see another major member leave....

just-food homepage



Forgot your password?