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Valeo Foods in merger with biscuit maker
DUBLIN : Valeo Foods is in talks with Irish biscuit maker Jacob Fruitfield about a merger to create a foods business wit
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DUBLIN: Valeo Foods is in talks with Irish biscuit maker Jacob Fruitfield about a merger to create a foods business with a turnover of 300 million euros ($427.1 million), The Sunday Business Post reported.
Without citing any sources, the newspaper said talks between Valeo Foods, which is owned by Irish food and agri-business Origin Enterprises and British-based private equity firm CapVest, and Jacob Fruitfield have been going on for several months and are close to completion.
Jacob Fruitfield is best-known for its biscuit brands which include Kimberley, Mikado and Fig Rolls. Valeo Foods owns beans maker Batchelors.($1=.7023 Euro)
Copyright Reuters, 2011
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