Ferrero completed the acquisition of Burton's Biscuit from OTPPB.

Ferrero, a manufacturer of branded chocolate and confectionery products, completed the acquisition of Burton's Biscuit, a British biscuit manufacturer, from Ontario Teachers' Pension Plan Board, a pension fund. Financial terms were not disclosed. As part of the transaction, the Ferrero will take over the six production facilities in United Kingdom, which are based in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and Isle of Arran. Through this acquisition, Ferrero expects to enlarge the offer of products in the sweet biscuits market, further to the previous acquisitions of Biscuits Delacre, Kelsen Group and Fox's.