Cereal maker to be sold to the Americans?

Connect FM
Cereal maker to be sold to the Americans?

Burton Latimer and Corby based cereal company Weetabix is expected to be sold to US firm Post Holdings for just under 1 and a half billion pounds today according to a report in a national newspaper.

Post Holdings is the third-largest cereal business in the US.

Weetabix has been widely reported as being up for sale by its Chinese owner Bright Food which bought a 60 per cent stake in 2012.

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