date:Sep 24, 2012
Intersnack, a privately held German company, is planning to bid for UK-based United Biscuits' snacks business, KP Snacks. The snacks business is valued at approximately 500m.
Intersnack is a leading producer of savory snacks in Europe, with annual revenues of 1.5bn. The company has a workforce of 6,000.
Recently, the owners of United Biscuits, Blackstone and PAI Partners, sent a sales document to potential buyers over the sale of the snacks business, reported Dow Jones Newswires citing a sourc