The sale of Bernard Matthews to 2 Sisters owner Ranjit Singh Boparan could leave hundreds of businesses out of pocket, and even force some to close, according to industry insiders.
United Biscuits has won the coveted title Environmental initiative of the year in the industry Oscars – Food Manufacture’s Food Manufacturing Excellence Awards (FMEAs).
Burton’s Biscuits, the maker of iconic snacks Wagon Wheels and Jammie Dodgers, has been sold to the Canadian pension fund Ontario Teachers' Pension Plan (OTPP) for an undisclosed sum.
Food companies struggling to address deficits in their pension funds have been thrown a lifeline by the government appointed watch-dog that oversees company pension schemes.
The fact that Uniq has finally pencilled in a firm date by which it aims to resolve its pension problems has tempered disappointment over contract losses at its Minsterley desserts factory.
Uniq has unveiled plans to tackle the £436m hole in its pension scheme with a deficit-for-equity swap that will deliver 90% of the company's equity to the pension fund.
