Monday, December 2, 2013

News: Rotherham bags big KP Nuts investment

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KP Snacks and Intersnack UK have announced a joint proposal to invest £16m to build a new state of the art nut processing and packing facility in Rotherham.

KP Nuts is celebrating its 60th year in Rotherham where its Eastwood factory produces around 140 million packs of nuts each year. In 1968 it became part of United Biscuits before it was sold to German-headquarted multinational group, Intersnack, last year.

Following the deal, KP Snacks and Intersnack UK combined to become the biggest nut processor in the UK.

Since the acquisition was completed in January, Intersnack UK and KP Snacks have operated as independent businesses, but are now in the process of integrating. It has recently conducted a detailed review of current nut operations which highlighted that the group has too much capacity and the fixed costs of operating two sites is impacting its ability to compete and develop the nut business.

The company's bosses have put forward firm proposals to make the investment to build the new facility in Rotherham, which it is proposed will produce all of KP's nuts volume in the future. The company anticipates that, as well as maintaining the current 150-strong Rotherham team, this investment could also add an additional 80 roles over the next four years, driven by delivery of its growth plans.

The firm also announced that it is proposing to close its Haverhill production site.

Mark Thorpe, managing director, operations, for KP Snacks and Intersnack UK, said: "This significant investment demonstrates Intersnack's commitment to strengthening our nut business in the UK. Although proposed restructurings such as these are always difficult, we firmly believe this proposal is the most cost-effective way for us to modernise and "future proof" our nut processing capability.

"Our business is already famous for nuts and our aim is to build effectively on our current position as the UK's No. 1 nut producer and support long term growth."

KP began life in 1853 selling sugar, confectionery, jams and pickles. Production of KP Nuts began in Rotherham in the 1940's.

KP Nuts website

Images: KP Nuts

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