The Southeast Asian conglomerate has its eye on the company, whose products it intends to export in Eastern Europe and Asia.
Iglo, which has been put up for sale for £2.5bn, was bought by Unilever in 2006 and has since then performed well. According to The Independent, last year it recorded a profit of £267m.
After Weetabix was bought by China’s Bright Food, many fear that the bid of CP Foods for Iglo is the first step in yet another acquisition of a British food maker by a foreign company.
Photo by Paul Wilkinson