United Biscuits has dismissed rumors that former Tesco boss Sir Terry Leahy is heading a bid to buy its KP Snacks arm but confirmed to BakeryandSnacks.com that an eventual market sale is inevitable.
United Biscuits (UB) has for the first time hinted that the company will be sold as it separates its snacks business as KP Snacks and Kraft UK president Nick Bunker takes the helm.
Players looking to capitalise on the growing African market may move for parts of United Biscuits (UB) following speculation of a split ahead of a £500m sale.
