Confectionery giant Ferrero has just got bigger, buying Burton’s Biscuit Company from current owners the Ontario Teachers’ Pension Plan Board for an undisclosed sum.
Burton’s employs approximately 2,000 people across six production sites in the UK, including Livingston and Arran. The company, which has been making biscuits since 1935, generated sales of more than £275m during the last 12 months. Its brands include Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s and Thomas Fudge’s.
The move is the latest in a series of Ferrero acquisitions that include Biscuits Delacre, Kelsen Group and Fox’s.
For those interested, the Ontario Teachers’ Pension Plan Board, which holds assets of around $221bn, invests and administers the pensions of the Canadian province’s 331,000 active and retired teachers. It bought Burton’s in 2013.