:. Food Industry News

Categories: Mergers and Acquisitions

UK: Whitworths to Be Sold for 85 Million Pounds

Source: Reuters
26/10/2006

London, Oct. 24 - Dried fruit packager Whitworths is expected to be sold next week to the European arm of private equity firm American Capital for about 85 million pounds, the Financial Times said on Wednesday.

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Gresham Private, the current private equity owner of the company, would sell the business to European Capital, the newspaper said, without citing sources.

The Daily Telegraph also reported that an 85-million-pound sale of Whitworths to European Capital was imminent.

Gresham Private was not immediately available to comment on the reports.



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