date:Dec 06, 2012
German snack company Intersnack is finalizing an agreement to acquire UK-based United Biscuits' snacks business, KP Snacks, for more than 400m.
Intersnack and KP Snacks are likely to announce the agreement this week, reported Bloomberg citing sources with knowledge of the matter.
United Biscuits was bought by Blackstone and PAI for 1.6bn in 2006. In July 2010, they attempted to sell the whole company to Bright Foods; however, the deal failed to materialize.
In August 2012, Blackstone and PAI