PENSION FIRM WINS BISCUIT BATTLE

burtons' factory Moreton
Yummy dodgers

A Canadian pension fund has gobbled up Burtons’ chocolate factory in Moreton after a bidding war with owners of budget brands B&M and Poundland. Ontario Teachers’ Private Capital is acquiring Burton’s Biscuits for £350m after seeing off 30 rivals including Warburg Pincus and Apax. Around 50 people remain employed at the Wirral site which was substantially trimmed down when 200 were axed in 2011.  Burton’s makes Jammy Dodgers and wagon Wheels.More staff are based at a distribution centre in Liverpool. The pension pot’s other investments include Camelot, the owner of the National Lottery. It is too early to say whether the deal will have an impact onlocal jobs. Leasowe and Moreton councillor Ian Lewis said: “I very much hope the Canadian pension fund will be in it for the long term.”

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