Turkey’s Ulker Biskuvi Sanayi nets United Biscuits
United Biscuits (UB) has been sold to Turkish food firm Ulker Biskuvi Sanayi, private equity owners Blackstone and PAI Partners have confirmed.
Archives for November 5, 2014
Q3 sales up, profits down as Natra feels cocoa pricing pain
Year-on-year Q3 EBITDA profits dipped 9.2% to €5.73m at Spanish cocoa and chocolate and specialist Natra as ongoing cocoa price hikes hit even as quarter revenues rose 5.2% to €89.93m.
Yildiz still lacks 'power brands' after United Biscuits buy: Analyst
Yildiz Holding's acquisition of UK United Biscuits makes it the world's third largest biscuit player, but now it will have to work hard to find its 'power brand' answer to Mondelēz's Oreos, according to a Mintel analyst.
Ilapak to build a production plant in the US following IMA 81% ownership
Ilapak has announced plans to build an 80,000sq ft production facility in North West Arkansas, starting operations in January 2016.