Intersnack subsidiary KP Snacks has acquired UK-based Popchips Ltd for an undisclosed sum, less than three months after purchasing crisps and popcorn maker Tyrrells Potato Crisps from confectionery giant Hershey.
The loss of 70 jobs at KP Snacks’s Consett factory, one-time home to Phileas Fogg crisps, was “an incredibly sad time” for its members and the local area, according to trades union GMB.
KP Snacks’s Consett factory will close in the first quarter of next year, threatening more than 100 jobs, the company has confirmed, with the closure of its Corby plant also likely.
KP Snacks’s plans to close factories at Consett in County Durham and Corby in Northamptonshire, threatening up to 186 jobs, have ‘devastated’ longstanding workers there, according to trades union GMB.
KP Snacks and parent company Intersnack UK aim to invest £16M in closing their Haverhill factory in Suffolk and consolidating nut processing and packing operations in Rotherham, Yorkshire.
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.
A Chinese food giant has emerged as the leading contender to buy United Biscuit’s (UB’s) KP Snacks business, according to the state-owned China Daily newspaper.
Nick Bunker, president of Kraft Foods UK and Ireland, is to become chief executive of United Biscuits’ (UB’s) recently separated snacks business, which is to be re-named KP Snacks.