The Independent newspaper reported that Thailand-based CP Foods is one of the bidders for Iglo, the food group that owns Captain Birdseye, the fish finger maker.
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