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Danone Sells UK Biscuit Operation
LONDON - Jul 26/04 - SNS -- United Biscuits will buy Jacob's Bakery Ltd in the United Kingdom and Irish Biscuits Ltd in Ireland from Groupe DANONE.
The two companies produce and market a wide range of sweet and savory biscuits as well as snacks. In 2003 they reported sales of EUR 266 million, including EUR 70 million in the Republic of Ireland.
Flagship brands including Jacob's Cream Crackers, Tuc and Thai Bites make Jacob's a leading player in the UK biscuit market, where it ranks first in the savory biscuits segment. Irish Biscuits is the leader of the biscuit market in Ireland with a portfolio of brands including Kimberley, Mikado and Jacob's Fig Rolls.
This transaction is subject to acceptance by relevant authorities and compliance with procedures required for conclusion of the sale, in particular the agreement of local anti-trust authorities.
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