CTH (Ferrero-related Company) Acquires Burton's Biscuit Company from Ontario Teachers'
June 1, 2021
A Ferrero-related Belgian holding company (CTH) has entered into a definitive agreement to acquire Burton's Biscuit Company from the Ontario Teachers' Pension Plan Board. Burton's—headquartered in St Albans with six UK manufacturing sites and about 2,000 employees—generated over £275 million of sales in the last 12 months; the buyer expects to enlarge its sweet biscuits offering by adding Burton's brands and production capacity.
- Buyers
- CTH (Belgian holding company related to the Ferrero Group)
- Targets
- Burton's Biscuit Company
- Sellers
- Ontario Teachers' Pension Plan Board
- Industry
- Food & Beverage
- Location
- Hertfordshire, United Kingdom
- Transaction Type
- Buyout
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