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United Biscuits

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United Biscuits
Company typePrivate
IndustryFood
Founded1948
FounderMcVitie & Price
MacFarlane Laing
HeadquartersHayes, London,
United Kingdom
Key people
Martin Glenn (CEO)
Frank Meysman (Chairman)
ProductsBrands:

United Biscuits
Gold Bar, Carr's, Tasties, Delacre, Verkade, go ahead!, Wing Dings, Flipper Dipper

Jacob's
Happy Faces, Twiglets, Water Biscuits, Jacob's Oddities

McVities
Ginger Nuts, Digestives, Hob Nobs, BN, Rich Tea, Penguin (biscuit), Taxi, Lyle's, Cheddars, Mini Cheddars, Mini Rolls
Revenue£1,096.1 million (2013)
£141.7 million (2007)
£24.0 million (2007)
OwnerYıldız Holding
Websitewww.unitedbiscuits.com

United Biscuits ("UB") is a British multinational food manufacturer, makers of McVitie's biscuits, Jacob's Cream Crackers, and Twiglets. The company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but in November 2014 it was acquired by Yıldız Holding.

History

United Biscuits was formed in 1948 by a merger of two Scottish family businesses: McVitie & Price and MacFarlane Lang.[1]

In 1962, William Crawford & Sons, best known for its shortbread, was acquired for £6 million.[2] In 1965, William MacDonald & Sons was acquired for £2.8 million, and brought the Penguin brand to the group.[3]

In 1972, it acquired Carr's of Carlisle, makers of the eponymous Table Water biscuits, from James Goldsmith's Cavenham Foods for £2.75 million.[4]

United Biscuits acquired the US-based Keebler Company for $53 million in 1974. It also owned the Wimpy Bar fast food restaurant chain between 1977 and 1989.[5]

It acquired the frozen food company Ross Young's from Hanson in 1988 for £335 million.[6]

Keebler was sold for $500 million in 1995.[7]

The company was acquired in May 2000 by Finalrealm, a consortium of financial investors, as well as Nabisco Holdings Corporation: as part of the transaction, UB acquired Nabisco's European businesses.[8]

The company sold Young's Bluecrest in 2001, in order to concentrate on the sweet biscuit sector.[9]

In September 2004 the company bought the UK portion of Groupe Danone's Jacob's Biscuit Group for £240 million, including Cream Crackers and Twiglets.[10]

In July 2006 it sold its Southern European biscuits business to Kraft Foods, which in turn left the owner syndicate.[11]

In October 2006, Ted Virtue's MidOcean Partners sold the company to a consortium made up of the Blackstone Group and PAI Partners.[12] The deal was completed in December 2006.[13] [14]

In December 2012 UB agreed the sale of its KP Snacks business to Intersnack.

On 3 November 2014, private equity funds managed by Blackstone and PAI Partners announced the sale of United Biscuits to Yıldız Holding.[15]

Operations

The core of the business is in the United Kingdom, where it produces biscuits under a number of brand names including: McVitie's biscuits and Jacob's Cream Crackers.

The company manufactures in a number of countries across Europe, such as the Netherlands, France and Belgium. It also has a manufacturing site in India.

The company's headquarters is in Hayes in suburban West London. The company's main UK distribution centre is at Ashby-de-la-Zouch.

Modernisation and Employee Redundancies

In December 2013, McVities announced their intention to change the terms and conditions of shop floor employees at the Harlesden plant. This change meant a move from a 5 day 8 hour operation, to a 7 day 12 hour operation. This change happened in mid 2014.

In June 2014, McVities announced their intention to make 157 shop floor roles redundant at their Manchester manufacturing facility.[16]

United Biscuits Network

The United Biscuits Network, a closed-circuit radio network serving their factories across the UK which was active from 1970 to 1979, spawned the career of UK radio presenter Steve Allen and TV and radio personality Dale Winton.[17]

In popular culture

In his 2009 book The Pleasures and Sorrows of Work, Alain de Botton chronicles his tour and brief experiences with employees of United Biscuits as they launched the "Moments" biscuit line.

See also

References

  1. ^ "A New Biscuit Company." Times [London, England] 19 March 1948: 9.
  2. ^ "United Biscuits Crawfords For More Than £6M." Times [London, England] 24 May 1962: 19.
  3. ^ "£2.8M. Biscuit Merger." Times [London, England] 21 January 1965: 22.
  4. ^ Anthony Rowley. "Cavenham sell biscuit interests for £4m." Times [London, England] 5 July 1972: 19.
  5. ^ "Information on Wimpy's Franchise",Caterer Search. Retrieved on 29 January 2008.
  6. ^ "History". United Biscuits. Retrieved 4 January 2009.
  7. ^ United Biscuits Sells Keebler for $500 Million
  8. ^ "UB to weigh up its options". Eurofood. 25 April 2002. Retrieved 12 April 2007.
  9. ^ "United Biscuits selling Young's stake". Eurofood. 29 March 2001. Retrieved 12 April 2007.
  10. ^ "Danone sells its UK biscuits to United". The Independent. 24 July 2004. Retrieved 12 April 2007. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help) [dead link]
  11. ^ "City sandwich". London: Telegraph. 11 July 2006. Retrieved 4 January 2009.
  12. ^ Parkinson, Gary (26 October 2006). "Private-equity companies snap up United Biscuits in a [pound]1.6bn". The Independent. Retrieved 12 April 2007.
  13. ^ "Blackstone and PAI complete purchase of UB" (Press release). United Biscuits. 15 December 2006. Retrieved 12 April 2007.
  14. ^ = Alt Assets "Cinven, MidOcean to sell United Biscuits" (Press release). 25 October 2006. Retrieved 25 November 2014. {{cite press release}}: Check |url= value (help)
  15. ^ "Turkish food giant gobbles up United Biscuits". The Daily Telegraph. 3 November 2014. Retrieved 5 November 2014.
  16. ^ "157 jobs could go at McVities". Manchester Evening News.
  17. ^ "Pick of the Pops Biography". BBC. Retrieved 4 January 2009.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=United_Biscuits&oldid=635315070"