date:Oct 09, 2012
United Biscuits' (UB's) snacks business KP Snacks will be sold off as soon as a suitable private equity buyer can be found, according to a prediction from a leading corporate finance expert.
Former Kraft Foods UK president Nick Bunker's appointment as chief executive of KP Snacks on September 1 was part of this divestment strategy by UB's private equity owners Blackstone and PAI Partners, said Trefor Griffith, head of food and beverage at accountancy firm Grant Thornton.
Griffith believes a pr