Ferrero-related company to acquire Burton's Biscuit Company
A Ferrero-related company, CTH, announced on Tuesday that it has entered into a definitive agreement to acquire Burton's Biscuit Company from Ontario Teachers' Pension Plan Board.
With the acquisition, the Ferrero-related company wishes to expand its product offering in the sweet biscuits market, having already purchased Biscuits Delacre, Kelsen Group and Fox’s.
Burton’s, which is known in the UK for its Jammie Dodgers, Wagon Wheels and Maryland Cookies among other products, employs around 2,000 people across six factories in the UK and generated sales of over £275 during the preceding 12 months.
As part of the transaction, CTH will take over the six production facilities in Britain, which are based in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and Isle of Arran.