Britain’s leading biscuit maker United Biscuits could be split as its private equity owners plan to sell the business.
Blackstone and PAI Partners plan to start consultations regarding selling the company at the end of the year, and could separate McVitie’s biscuit division from the KP crisps units to aid the disposal.
Last year, the private equity firms expected to raise £2bn ($3.25bn) from the sale of United Biscuits.
However, the interest from potential bidders including Bright Foods, Kelloggs, Kraft and Campbell Soup has not materialised into a deal.
United Biscuits produces biscuits, crackers, cakes, savoury snacks and its brands include McVitie’s, Jacob’s, Carr’s, McCoy’s, Hula Hoops, KP and Mini Cheddars.