‘A dozen bidders’ circle Burton’s Biscuits
AROUND 12 bidders are understood to have tabled offers for Burton’s Biscuits, the manufacturer of Wagon Wheels, Maryland Cookies and Jammie Dodgers.
The business has been put up for sale for around £350m by its owners, Duke Street Capital, Apollo Global Management and the Canadian Imperial Bank of Commerce.
The Hertfordshire-based group employs 600 people at a factory in Blackpool and 80 at a chocolate refining plant at Moreton on the Wirral. It closed a biscuit factory at the site two years ago.
Sky News said the bidders were predominantly financial investors and included Apax Partners, Capvest, Charterhouse, Pamplona Capital, and the Ontario Teachers Pension Plan, which owns the lottery operator Camelot.
Two Sisters, the owner of Fox’s Biscuits, is understood to have been planning to bid. Burton’s declined to comment.
