French food group Danone is reported to be in talks that could result in the sale of its Jacob’s biscuits unit.
UK-based United Biscuits and private equity firm Hicks, Muse, Tate & Furst are thought to be among the potential buyers, reported the Financial Times. The business, which operates in Ireland and the UK, is believed to be worth more than £200m (US$374m).
According to one analyst, a sale would be positive for Danone shareholders.
“Jacob’s has little business strength, breadth and depth and operates in a weak market environment where there is little prospect for growth and where private label is dominant,” Andrew Wood, from Sanford C Bernstein, was quoted by the newspaper as saying.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData