Ferrero affiliate buys Burton’s Biscuit Company

CTH, a Ferrero-related company, has entered into a definitive agreement to acquire Burton’s Biscuit Company from Ontario Teachers’ Pension Plan Board, for an undisclosed sum. Burton’s employs approximately 2,000 people across six manufacturing locations in the UK and generated sales of more than £275 million ($389.5m) during the last 12 months. Burton’s produces brands including…