Chinese company in talks to buy United Biscuit

by Staff
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LONDON — Bright Food Group Co., one of China’s largest food companies, is in talks about a possible purchase of London-based snacks and cookies maker United Biscuit Holdings Ltd. (U.B.), according to The Sunday Times.

According to reports, the transaction would be valued at approximately £2.5 billion ($3.96 billion).

Private equity firms The Blackstone Group and PAI partners acquired U.B. for more than $3 billion in late 2006. But in recent months the firms have been undergoing a strategic review of United Biscuits.

U.B.’s brands include Carr’s crackers, McVitie’s biscuits, Penguin and Hula Hoops snacks.

In addition to Bright Food, Camden, N.J.-based Campbell Soup Co. and Vevey, Switzerland-based Nestle S.A. have been mentioned as possible purchasers of the U.K.-based food company.

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