date:Dec 06, 2012
completed the separation of United Biscuits' snacks business from the rest of its operations, to facilitate the sale.
Following this, the companies hired Swiss financial services company Credit Suisse and initiated the auction for KP Snacks. Initial bidders for the snacks business included private equity firms such as Lion Capital, Clayton Dubilier Rice, Permira Advisers, and Warburg Pincus.
KP Snacks includes several brands such as McCoy's potato chips, Hula Hoops, Mini Cheddars and KP Nuts