Ferrero buys Jammie Dodgers maker Burton’s Biscuits
Snapped up: Burton’s makes well known brands
Jammie Dodgers manufacturer Burton’s Biscuits which employs about 2,000 staff across six UK factories, has been acquired by a Belgian subsidiary of Ferrero, the Italian food group.
Ferrero’s businesses include Kinder Surprise, Nutella and Ferrero Rocher hazelnut truffles.
It said its subsidiary has “entered into a definitive agreement” to acquire Burton’s from the Ontario Teachers’ Pension Plan Board which has owned the company since 2013. The deal is for a reported £360m.
The biscuit maker, which also makes Wagon Wheels and Maryland Cookies, generated more than £275 million in sales last year.
Ferrero said it will take control of Burton’s production sites in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and the Isle of Arran.
Nick Field, chief executive at Burton’s, said: “We are delighted to be joining the Ferrero-related company, and look forward to bringing together the businesses’ complementary brand portfolios, high-quality capabilities, management talents and highly skilled workforces, which offer a compelling strategic rationale and an exciting future for Burton’s.”