Reuters – Intersnack to Buy KP Snacks

Germany's Intersnack group is to buy KP Snacks, Britain's second largest savory snacks maker, from United Biscuits, Reuters reported Wednesday. No financial details were disclosed for the deal, which is expected to close in the first quarter of 2013, the two companies said. KP Snacks, which makes Hula Hoops and KP Nuts, was put up for sale earlier this year by United Biscuits' private equity owners Blackstone and PAI Partners, which were seeking about 500 million pounds for the business.

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