date:May 29, 2012
In March, it was reported that Blackstone and PAI Partners have been seeking to separate the salty snacks unit from United Biscuits' biscuit business, which owns the McVitie's brand.
United Biscuits, based in UK, was formed in 1948 following the merger of two Scottish firms McVitie Price and MacFarlane Lang. It was bought by Blackstone and PAI for 1.6bn in 2006.
United Biscuits' snack business includes nearly 12 brands such as McCoy's potato chips, Hula Hoops, Mini Cheddars and KP nuts, while