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Food brands sold in £200m deal

Some of the UK's best known food brands are made by a company in our region and today they were bought by an American firm for £200m.

Premier Foods, based in Luton, has sold its jams and spreads division - including brands like Hartley's and Sun-Pat, made at its plant at Histon near Cambridge.

But, as our Business Correspondent Matthew Hudson reports, this isn't your typical story of workers' jobs under threat.

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Cereal company taken over by Chinese firm

Weetabix factory Credit: ITV Anglia

Weetabix, the cereal maker based in Northamptonshire has been taken over by a Chinese company.

Shanghai firm Bright Food will take a majority sixty per cent share in Weetabix which will value the giant food manufacturer at £1.2 billion.

Weetabix, which also owns Alpen and Ready Brek, was founded in 1932.

It was family owned until 2004 when it was bought by a Texan private equity firm

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