Canadian pension fund buys Burton’s Biscuits
BURTON’S Biscuits, the manufacturer of Wagon Wheels, Maryland Cookies and Jammie Dodgers, has been acquired by Canadian pension fund, the Ontario Teachers’ Pension Plan.
The business was 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 has around 2,200 staff and 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.
In a statement the company said that “the sale process attracted interest from multiple high quality bidders, including from a number of private equity houses and trade companies”.
In recent years Ontario Teachers has acquired National Lottery operator Camelot and nursery chain Busy Bees.
