Cadbury sells Butterkist maker
Cadbury Schweppes is to sell its UK subsidiary that makes Butterkist popcorn and Barratt's Sherbert Fountains, in a £58m deal
Monkhill Confectionery, which has factories in York, Cleckheaton and Pontefract, is being sold to sweet maker Tangerine Confectionery.
Tangerine employs over 600 people at sites in Poole, Liverpool and Blackpool. Its products include Mojo penny chews.
The deal will create a business with an annual turnover of £150m and 1,500 employees, Tangerine said, adding that there were no plans for closures or job losses.
Like Monkhill, a lot of Tangerine's manufacturing is for supermarkets' own-label brands.
Last Week Cadbury confirmed the closure of its Somerdale confectionary plant at Keynsham, near Bristol and the transfer of production to Poland under restructuring plans.
Image: Tangerine sucks up Butterkist maker