Trade company buys KP Snacks

Intersnack Group, a German firm, has acquired the UK's KP Snacks in a deal worth around £500m that will be funded through a combination of shareholder equity and debt.

  • 05 Dec 2012

Intersnack, which has operations across Europe, bought KP Snacks from United Biscuits, a UK-based firm that has been owned by Blackstone and PAI Partners since 2006. The acquisition is expected to close in the first quarter of 2013.

The company will use Intersnack’s shareholder equity to fund the deal, ...

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