Wagon Wheels maker gets £15m boost
Thursday 17 April 2014
The UK’s second largest biscuit supplier has announced nearly £15m of investment in a bid to drive growth.
Burton’s Biscuit Company, whose products include Maryland Cookies, Cadbury Fingers and Wagon Wheels, said that the influx of funds would be geared towards developing new technologies that will boost output in the long-term.
The news means that the company’s Cookie Centre of Excellence in Blackpool will see a boost to its finances as it looks to add new taste variants to the Maryland cookies range.
The firm’s supply chief, Neil Grocock, said, “We’re launching some of the most innovative products in the marketplace, and investing in our capabilities enables us to bring these new products to market quicker than any other company in the market.”
In late 2013 Burton’s was bought by Ontario Teachers’ Pension Plan, a leading Canadian pension fund. 2014 will see the firm’s investment over the past three years pass £40m, having previously provided funds for a successful foray into the savoury biscuits market.
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Parties threaten resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
- 1 Indian footballer Peter Biaksangzuala dies after injuring spine doing somersault celebration
- 2 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 3 Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
- 4 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 5 Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
London bus driver allegedly kicks gay couple off for kissing
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...