A COMPANY related to the owners of Nutella, Thorntons and Ferrero Rocher has reached an agreement to buy Burton’s Biscuit Company, which has a factory in Cwmbran.
CTH has announced it has entered into a definitive agreement to acquire Burton’s from Ontario Teachers’ Pension Plan Board.
The new Burton's owners is a Belgian holding company related to the Ferrero Group, the Italian chocolatiers who also produce Kinder Surprise and Tic Tacs.
READ MORE:
- Damp, mould, draughts? - Newport private renters asked to share experiences.
- Town to benefit from major 'better broadband' project.
- Sweet sound of success for Gwent band in virtual version of global competition.
As part of the deal, CTH will take over the six production facilities in United Kingdom, which are based in Llantarnam, Blackpool, Dorset, Edinburgh, Livingston and Isle of Arran.
Burton’s employs around 2,000 people across the six manufacturing locations and generated sales of more than £275 million during the last 12 months.
It produces well-known biscuits including Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s and Thomas Fudge’s.
Burton’s has been baking biscuits in the UK since 1935 and opened its Llantarnam factory in 1939.
Following this deal, the Ferrero-related company will look to expand what is on offer from its sweet biscuits range, adding to previous acquisitions of Fox’s, Biscuits Delacre and Kelsen Group.
Ontario Teachers’ bought Burton’s in 2013.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here