Wed, 17 Aug 2011 | DIVISION SALE
United Biscuits (UB), the UK's largest biscuit maker, could be split up in a bid to hasten a sale.
Rumours have resurfaced that the company - which owns such famed brands as Digestives and Jaffa Cakes, as well as KP Peanuts - could be broken up by its owners, private equity firms Blackstone and PAI Partners, having first emerged in July 2010.
Links with potential buyers last year - including Kraft and the Campbell Soup Company - came to nothing, but it is thought that UB is still looking at spinning off its savoury brands. Insiders believe that this could improve the chances of a successful sale of the primary business.
UB saw its operating profits for 2010 rise by 10.4 per cent to £218.5 million, although there was also a significant drop in staffing numbers, diminishing by five per cent to 6,169.
Commenting on the potential sale, analyst Marcia Mogelonsky, told FoodManufacture.co.uk that the big-name brands - including Kraft and Campbells - could still be interested, adding that US-based Diamond Foods and the Mexican Bimbo brand may also be interested in an acquisition.
No-one from PAI Partners or Blackstone has been available to comment on the matter.
In a prime location, this freehold business opportunity includes a detached, well-equipped bakery factory along with a retail outlet and cafe, all part of a family business with a century of trading history.
Established in key industries like power generation and rail, this company offers specialised electrical and engineering services across the UK and Ireland, boasting strong relationships with blue-chip clients and a reliable income stream.
This well-established company has a decade-long track record in a growing market and is fully relocatable or can be operated remotely, providing flexibility for the new owner.
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