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Wednesday 18 September 2019

Maryland Cookies owner and Fox’s Biscuits in merger talks, reports say

Burton’s Biscuit Company is said to be exploring a tie-up with Fox’s, Sky News has revealed.

Kraft Foods stock
Kraft Foods stock

By Ben Woods, Press Association Chief City Correspondent

The owner of Maryland Cookies and Wagon Wheels is locked in talks over a potential merger with Fox’s Biscuits, according to reports.

Burton’s Biscuit Company is said to be exploring a tie-up with Fox’s in a move that could see the combined firm float on the London Stock Exchange, Sky News revealed.

Sources told the broadcaster that Clive Sharpe, the ex-boss of British snack firm Golden Wonder, has been pinpointed as a potential chief executive for the firm.

Fox’s Biscuits is owned by Boparan Holdings, which has been grappling with the fallout from a string of alleged health and safety breaches linked to its food manufacturing business 2 Sisters.

An undercover reporter working at a West Midlands site of 2 Sisters Food Group claimed to witness workers tampering with slaughter dates and mixing meat of different ages.

Source codes on crates of meat were also changed, the investigation by ITV News and The Guardian claimed.

Burton’s has manufacturing plants in Llantarnam, Edinburgh and Blackpool, employing around 2,000 people.

Fox’s, which dates back more than 160 years, makes biscuits in West Yorkshire, Kirkham near Blackpool and Uttoxeter.

It comes after McVitie’s and Jacob’s owner Yildiz Holding launched the global confectionery and biscuit company pladis last year by combining United Biscuits, Godiva Chocolatier, Ulker and DeMet’s Candy Company.

Yildiz plans to float the firm on the London Stock Exchange by 2020.

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