date:Mar 14, 2012
of Bright Foods, Kraft Foods and Kellogg, but a deal failed to materialise.
The private-equity groups have since been working to separate the salty snack unit, which owns brands including KP Nuts and Hula Hoops, and just-food understoods that various options are being investigated, including a sale of the business. Blackstone and PAI would keep United Biscuits' biscuit and cake arm, which owns brands like Penguin and Jaffa Cakes, although it is unclear if, at some stage, that side of the busin