United Biscuits Pension Scheme

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United Biscuits Pension Scheme

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        United Biscuits was established in 1948 following the merger of McVitie and Price and MacFarlane Lang. In 1960, the company added to its portfolio with the acquisition of Crawford Biscuits and MacDonald's Biscuits. Subsequent acquisitions include:

        1967 - Meredith and Drew (crisp manufacturers);
        1968 - Kenyon Son and Craven (nut manufacturers);
        1974 - Keebler Company (US cookie and cracker manufacturer);
        1982 - Terry's of York (confectionery company);
        1988 - Ross Young's (frozen food);
        1990 - Verkade (Dutch biscuit and confectionery company);
        2004 - Jacob's Biscuit Group.

        Since 2000, United Biscuits has sold several parts of its business, including UB Hungary (sold to Danone in 2000) and UB Southern Europe (sold to Kraft Foods Inc).

        Information available at http://www.unitedbiscuits.com/about-us.php?rnd=GideVfWTaODtyf5CAIKYqEUr3zy1exP8%2BSheEM0Lo%3D (accessed October 2010).

        Until 31 October 2007, the United Biscuits Pension Plan was a final salary scheme; from 1 November 2007, however, it was converted to a Career Average Revalued Earnings scheme.

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