PE hungry for Burton's Biscuits

According to reports in the food trade press, the company has also received interest from corporate player 2 Sisters Food Group – the producer of Fox's Biscuits – as well as Ontario Teachers' Pension Plan. 

Second round bids are due for the latter part of November. The company is currently backed by The Canadian Imperial Bank of Commerce (CIBC) and Apollo Global Management. It was previously bought by Duke Street in 2007 for an estimated £210m from Lion Capital, which acquired it for £434m in 2000. However, a debt-for-equity swap in 2009 left Duke Street with a minority stake, while CIBC and Apollo picked up a majority interest.

It was revealed in August this year that the company was on the block; it is expected to fetch around £350m.

Burton's is a UK biscuit manufacturer with offices in Birmingham, Blackpool, St Albans, Wirral, Gwent and Edinburgh, employing more than 2,200 people. It manufactures Cadbury biscuits, as well as Maryland, Jammy Dodgers, Wagon Wheels and Lyons' Biscuits.

The company can trace its roots back to the 1800s when George Burton began baking biscuits.

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