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Old 18th April 2017, 08:14   #1 (permalink)
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Weetabix

UK cereal firm Weetabix is to be bought by US firm Post Holdings for $1.8bn (1.4bn), its owner has confirmed.

Weetabix - made in the UK since 1932 - was put up for sale in January by China's Bright Food, which bought a 60% stake in 2012.

Bright's acquisition was the largest by a Chinese firm at the time, but it is believed to have struggled to build significant market share in China.

Chinese consumers prefer a hot, rice-based breakfast to cold cereal.

While Weetabix doubled sales in China in 2016, the UK still accounts for the majority of its sales.
Royal warrant

Post Holdings is the third-largest cereal firm in the US and owns brands including Great Grains, Golden Crisp and Cocoa Pebbles.

Some of the world's biggest names in food, including the UK's Associated British Foods and Italy's Barilla, had been named as possible suitors for Weetabix.

Northamptonshire-based Weetabix, which has a royal warrant, was family-owned until 2004, when it was bought by private equity firm Lion Capital. Its main factory in Kettering produces three billion Weetabix biscuits every year.

It is the largest producer of breakfast cereals in the UK and employs about 2,000 people.

Its products are exported to 80 countries, while it also has factories in Europe, east Africa and North America.
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Old 18th April 2017, 11:38   #2 (permalink)
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Re: Weetabix

That will bring some regularity to the cereal market.
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Old 18th April 2017, 15:16   #3 (permalink)
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Re: Weetabix

Yet another UK Brand name gobbled up by Global Investors, all that remains the same is the Brand name. Give it a few more years at the current rate & No independent companies, manufacturers will exist in any of the retail markets

The Competition & Monopoly bodies are a total Joke! Everything will end up in the hands a few Plutocrats!. This 'company' really is just one of the big boyz, little boyz..............

https://en.wikipedia.org/wiki/Lyndon_Lea

"Company Holdings[edit]

Lea's career has been characterised by diverse company holdings including:
Sold Champagne Mumm & Perrier-Jouet in 2001 to Allied Domecq[11]
Bought Weetabix in 2004 for 640 million and sold 60% to Bright Food in 2012 in a deal valuing the company at 1.2 billion[12]
Acquired Jimmy Choo in 2004 for 100 million and sold the company in 2007 for 225 million[13]
Acquired wagamama in 2005 for 102 million[14] and later sold the company for 215 million in 2011[15]
Acquired Orangina Schweppes in 2006 in partnership with the Blackstone Group and later sold the company for 2.6 billion in 2009[16]
Acquired Kettle Foods in 2006 for $270 million and sold the company in 2010 for $615 million[17]
Acquired HEMA in 2007 for a deal estimated to be worth 1.3 billion[18]
Acquired the Findus and Youngs brands in 2008 for 1.1 billion[19]
Acquired AS Adventure Group in 2008 for 263 million[20]
Invested $80 million in American Apparel in 2009[14]
Acquired Bumble Bee Foods for $980 million in 2010[15]
Purchased Picard in 2010 for 1.5 billion[21]
Acquired AllSaints in 2011[8]
Acquired Alain Afflelou in 2012 for 740 million[7]
Acquired John Varvatos Enterprises, Inc. in 2012[22]
Acquired ghd in 2013 for 300 million[21]

Lea has also served on the board of several public companies including Harry Winston, American Apparel, Yell Group and Premier Foods."

Here's one of the Very big Boyz, Glencore:

"Glencore's market share is so large that it recorded revenues of $145bn (89bn) last year and the flotation value is 37bn. Glasenberg, owning around 16%, will instantly become one of the world's richest men.

The shares started so-called "conditional dealings" on Thursday proper trading does not start until next week and had a far from sparkling start, moving only sideways even though they were priced keenly in an effort to get a strong start.

Because the company will leap straight into the FTSE 100 index, those investments that track the UK's biggest quoted companies will be obliged to buy its stock, with the result that the company's fortunes will have a bearing on the pension funds of millions of people.

https://www.theguardian.com/business...dities-company

Founder of Glencore, is just on of the bods Clinton Pardoned before leaving the Whitehouse..........!:

https://en.wikipedia.org/wiki/Marc_Rich

What they Own & Control!:

Our assets worldwide | Glencore

Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs:

Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs - Business Insider
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Old 18th April 2017, 15:27   #4 (permalink)
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Re: Weetabix

Sorry for B-2-B folks:

Just one of the companies owned by 'Post' is the 'Michael Foods' (MG Waldbaum)

"M.G. Waldbaum Company pays $1 Million penalty"

PoultryWorld - M.G. Waldbaum Company pays $1 Million penalty

https://www.google.co.uk/search?q=Po...JzOAAAAA&spf=1

I hear that Liam Fox is keen to do away with food standards & import cheaper chickens from USA, which is just washed in chlorine, bagged & shipped....
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Old 18th April 2017, 21:09   #5 (permalink)
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Re: Weetabix

Time to get a few chucks in the back garden .
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Old 19th April 2017, 06:44   #6 (permalink)
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Re: Weetabix

Quote:
Originally Posted by pepperkat View Post
Time to get a few chucks in the back garden .
Be careful where you use the word chuck mate
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Old 19th April 2017, 07:16   #7 (permalink)
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Re: Weetabix

Chickens from the U.S.A. ? Madness - I won't be buying any of those. I only buy British meat nowadays. Cadbury's really bugs me. They promised to retain the English factory and their workers but before the ink was dry they reneged on that promise. The thing is, why didn't our Government make it a condition that they keep the factory etc or else would incur massive penalties ? Heard on the radio that the new Weetabix people will still be buying the wheat from the same farmers, which are only a 50 mile radius from the factory (at the moment lol )
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Old 19th April 2017, 15:06   #8 (permalink)
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Re: Weetabix

Rather eat the box.
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