New bidder emerges for Fox’s Biscuits
A consortium of financial institutions are set to gobble up food group Boparan Holdings’ £350m Fox’s Biscuits brand in a surprise move.
A proposed deal was revealed last month for the Batley-based manufacturer, with Burton’s Biscuits touted as a frontrunner for the business.
However instead of the rival biscuit maker, Sky News has now reported that a group of financial institutions have made a surprise bid for the firm.
The consortium is thought to be made up of financiers from the City and Wall Street, though identities remain unclear.
The Boparan group has been busy acquiring other businesses in the last six months, having bought Bernard Matthews food business and restaurant chains Ed’s Easy Diner and Giraffe. It acquired Fox’s Biscuits in 2011, when it bought Northern Foods.
Fox’s was founded in Batley, West Yorkshire in 1853, and today it also employs around 2,000 people. Its head office remains in Batley, while it also has factories in Uttoxeter, Staffordshire, and Kirkham in Lancashire.
