UK-based snacks manufacturer United Biscuits may be put up for sale, according to Sky News.

United Biscuits is owned by two private equity firms, Blackstone Group LP and PAI Partners. They bought UB for GBP1.6bn in 2006. It is reported that they may get over GBP2bn if they divest it. The private-equity groups are reported to be talking to investment banks about auctioning the business and a number of options including selling  snacks and biscuits divisions to different buyers, are being considered. Reports said that UB's owners had not yet picked advisers for the sale and that the process would probably begin after the European summer holidays and would be wrapped up early in 2011.

source: sky news, just-food.com