Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

Savoury snacks market company KP Nuts sold to German firm

Industry Sector

Food and Drink

Published

5 December 2012

Author

Mike King

Type of News

Market

The company that makes KP Nuts, Hula Hoops and McCoy's crisps has been sold to a German firm for a reported fee of £500 million. The business, which is the UK's second largest snack maker, was sold by United Biscuits, which also owns the McVitie's and Jacob's brands.

Subject to completion next year, they will join the UK savoury snacks business of Intersnack, which makes Pom-Bear crisps and Penn State pretzels.

United, which is owned by private equity firms Blackstone and PAI Partners, will retain the baked bagged snacks brands manufactured in its biscuit factories, including Mini Cheddars and Twiglets.

Including KP Snacks, United employs around 8,000 people, 7,000 of them in the UK. Intersnack was founded in 1968 and is on track for record sales of £1.4 billion this year, including £80 million from the UK.KP Nuts

Intersnack, which has turnover of about 100 million euros in the UK, said the deal would allow it to grow further and strengthen its position.

The deal will be financed with Intersnack's shareholder equity and a syndicated loan underwritten by Commerzbank, HSBC Trinkaus & Burkhardt, HSBC and UniCredit.

For more information on the savoury snacks market, see the latest research: Savoury Snacks Market

Follow us on Twitter @CandMResearch

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Alex Green

746 Days ago

I wonder how soon production will me moved out of the UK? The people of this nation should boycott all products that have been moved out of the country!

Change Currency

GBP
USD

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

December Discounted Prices: Contact us to ask about our special discounts available in December

For the last month in 2014 we are offering discounted prices on a selection of new reports. Please contact us on 00 44 (0) 203 0868600 or via email (click here to email) to ask about prices and special discounts.

Available during December and the run-up to Christmas; Discounted prices on a selection of our reports.

Find all the research at the best prices. Great promotions being offered during December!

We are offering our clients substantial savings on the best research available during December. Please contact us either via emailor by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600. We look forward to being able to find you the research you require at good prices.

Accessibility
Close

Contrast settings

Text size settings