Arc Pensions Law advises on the sale of Burton’s Biscuits to Ferrero
It was recently announced that a Ferrero-related company had entered into a definitive agreement to acquire Burton’s Biscuit Company from the Ontario Teachers’ Pension Plan.
Burton’s produces some of the best-loved brands in the UK biscuit market including Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s and Thomas Fudge’s. The business has a history in the British biscuit market dating back to 1935, with a very strong heritage and brand awareness.
Ferrero is an Italian family-owned confectionery manufacturer perhaps best-known for its Ferrero Rocher chocolates. Its other global brands include hazelnut spread Nutella, and Tic Tac mints.
Arc Pensions Law advised on the pensions-related aspects of the sale, alongside the sellers’ corporate legal advisers Kirkland & Ellis.
News of the sale has been widely reported and features in, amongst others, The Grocer, The Guardian, Food Navigator magazine and the Evening Standard.
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