CTH, a Belgian Holding Company related to the Ferrero Group, is to acquire Burton’s Biscuit Company from Ontario Teachers’ Pension Plan Board.
With a history in the British biscuit market dating back to 1935, Burton’s produces Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s and Thomas Fudge’s. Headquartered in St. Albans, UK, Burton’s operates manufacturing sites in Blackpool, Edinburgh, Llantarnam, Livingston, Dorset and Isle of Arran, employing approximately 2,000 people.
Through this acquisition, CTH expects to enlarge the offer of products in the sweet biscuits market, further to the previous acquisitions of Biscuits Delacre, Kelsen Group and Fox’s. As part of the deal, CHT will take over the six production facilities in United Kingdom, which are based in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and Isle of Arran.
Ontario Teachers’ acquired Burton’s in 2013 and has helped grow the business through continued investment across the branded, retailer brand and third-party global brand portfolios, in addition to organic initiatives and bolt-on acquisitions.
FinSMEs
04/06/2021