Mon, 18 Nov 2013 | BUSINESS SALE
Burton's Biscuits, the manufacturer behind brands including Jammie Dodgers and Wagon Wheels, is finalising a sale of its business to a Canadian pension fund.
Sky News has learnt that the business was due to confirm the sale over the weekend. Ontario Teachers' Pension Plan is thought to have been the favourite bidder but sources told the news provider that a last-minute offer was also a possibility. Ontario Teachers' Pension Plan was up against three other companies who tabled final offers for Burton's on Friday.
The business sale is yet to be confirmed today but a deal of around £350 million is expected.
Burton's was founded by George Burton back in the mid-1800s. Since then it has built itself up to become the second-largest biscuit manufacturer in the UK by sales, falling just behind United Biscuits.
The company has three manufacturing facilities based in Llantarnam, Blackpool and Edinburgh. It also owns a chocolate refinery in Moreton and a central distribution hub in Liverpool. It employs over 2,200 people across these sections of its business.
If Ontario Teachers is successful, Burton's Biscuits will become the latest in a string of British acquisitions for the business. The firm has already taken over the National Lottery operator, Camelot, and nursery chain Busy Bees.
____________________________________________________________________________
Related information:
View the latest businesses for sale
Buying a business
The company is a supplier of automation and industrial manufacturing components, catering to a long-standing customer base that spans a diverse range of sectors. Products include electrical motors, gearboxes and motor control drives; electrical equip...
LEASEHOLD
The company provides a comprehensive range of building services consultancy providing mechanical and electrical design solutions, including sustainability and energy performance solutions. The company offers in-depth and flexible services to accommod...
Current order book of circa £775k. Stocks and supplies a variety of precision engineering components, including standard machinery and equipment elements, die sets, press tool components, mould tools, die and gas springs, punches, presses and custom...
23
|
Apr
|
Furniture retail group acquires stock and IP of e-commerce firm | BUSINESS SALE
Flair Furniture, a retail group based in West Yorkshire, has...
23
|
Apr
|
UK administrations update: April 17 – 23 | ADMINISTRATION
Since our last update, the following businesses have been co...
23
|
Apr
|
TC Group merges with Rochester accountancy | MERGER
TC Group has continued to expand through strategic M&A after...
01
|
Mar
|
Canadian fund set to launch sale of Burton’s Biscuits | BUSINESS SALE
UK-based biscuit maker Burton’s Biscuits is set to be ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.