< div course=" inline_image image_size_full" data-attachment=" 236794" data-sequence= "1" readability=" 7" >< img alt=" Burton's Llantarnam" src=" https://www.breadnews.net/wp-content/uploads/2021/06/ferrero-acquires-burtons-biscuit-company.jpg "dimensions= "( max-width: 1023px) 100vw, 780px" class =" lazyload" size=" 3864" height= "2337" srcset=" https://www.breadnews.net/wp-content/uploads/2021/06/ferrero-acquires-burtons-biscuit-company.jpg 480w, https://www.breadnews.net/wp-content/uploads/2021/06/ferrero-acquires-burtons-biscuit-company-1.jpg 600w, https://www.breadnews.net/wp-content/uploads/2021/06/ferrero-acquires-burtons-biscuit-company-2.jpg 780w" > Burton’s Biscuit Company has been acquired by CTH, a Belgian holding firm associated with the
Ferrero Group. As part of the offer to acquire the business from Ontario Teachers’ Pension Plan Board, Ferrero will take control of Burton’s six production facilities in the UK, situated in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and the Isle of Arran
Headquartered in St Albans, Burton’s has a history in the British biscuit market going back to 1935. The company presently uses approximately 2,000 individuals across the six plants and also produced sales in excess of ₤ 275m during the last 12 months.
Brands under the Burton’s umbrella include Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s and also Thomas Fudge’s.
The procurement represents the most recent action in a continuous step by Ferrero to enlarge its offering in the sweet biscuits market. In October 2020 the Italian confectionery group purchased part of Fox’s Biscuits from 2 Sisters Food Team for ₤ 246m. The deal consisted of the acquisition of manufacturing websites at Batley and Kirkham. Other current acquisitions by Ferrero in the industry include Biscuits Delacre and also Kelsen Group.
Ontario Teachers’ bought Burton’s in 2013 as well as have actually since grown business via financial investment throughout the branded, seller brand name as well as third-party worldwide brand name profiles, along with natural efforts and bolt-on acquisitions.
In March 2021, Burton’s introduced the creation of more than 40 brand-new jobs at its front runner pastry shop in Llantarnam, pointing out ‘document degrees’ of demand for its biscuit brand names.
It likewise recently enhanced the workforce at its Stalbridge pastry shop in Dorset, which generates the Thomas Fudge’s range, by practically 10% taking the total variety of employees at the website to 153.