The sale process attracted interest from multiple high quality bidders, including from a number of private equity houses and trade companies.
Under the terms of the sale agreement, OTPP will acquire Burton’s as a whole, including all of Burton’s brands, all of the rights under Burton’s Cadbury licence and Burton’s manufacturing sites in Blackpool, Edinburgh and Llantarnam, along with its chocolate refinery in Moreton.
Burton’s will continue to be led by its existing management team under CEO Ben Clarke, and operate under its existing name from its current head office in St Albans.
The sale is expected to complete this month.
Source: Burton’s Biscuit Company
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