Boparan receives £350m approach for biscuit brand
Food group Boparan Holdings is weighing up a £350m deal for Fox’s Biscuits.
The 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.
However it has revealed it has received an approach for the business, reportedly from Burton’s Biscuits, which has previously shown interest. Boparan told the Luxembourg Stock Exchange it expects any formal offer “would be at a valuation in the region of £350m”.
Burton’s employs 2,000 people and lays claim to being the only major food manufacturer in the UK to focus solely on biscuits.
Boparan took over Fox’s Biscuits in 2011, when it bought Northern Foods. Fox’s Biscuits is the trading name of Northern Foods Grocery Group.
