In a move that has caught market analysts by surprise, UK based snack and biscuit maker, United Biscuits, is reportedly close to a deal with leading Chinese food group Bright Food in terms of a buy out.
The snacks and biscuits division of UK manufacturer United Biscuits could be parcelled out to different buyers, according to a research firm's analysis of the market following media reports the company is to be sold by its private equity owners.
Efforts by snack manufacturers to improve their sustainability credentials continue with UK firm United Biscuits reporting "great progress" in its six-pronged sustainability blueprint launched last year.
PepsiCo, Proctor & Gamble and United biscuits top the list of
most successful snack companies, thanks to strong sales of popular
favourites combined with innovation in the health and premium
sectors, according to Euromonitor.
The UK's second largest biscuit manufacturer, Burton's Foods, has
been acquired by British buy-out firm Duke Capital from US group HM
Capital Partners for what is believed to be around a £200 million
The big hitters in the UK biscuit sector have been busy over the
past year with consolidation and major acquisitions re-shaping the
industry's landscape, according to a new report by Leatherhead