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 | | MCVITIES pensioners may have been thrown a lifeline by the new owners of United Biscuits, which agreed to pay £1.6 billion for the company, which has a factory in Halifax. |
 | | There were fears that the £320 million hole in the pension fund would increase if nothing was done to plug it, but equity partners Blackstone and PAI, who agreed to take over the company, said it would inject £150 million into the fund when the deal was sealed, probably in December. |
 | | McVities in Halifax employs more than 300 people at Hopwood Lane and is responsible for production of some of the companyâs most popular cakes and biscuits. |
| www.halifaxtoday.co.uk /ViewArticle.aspx?SectionID=1599&ArticleID=1849498 (256 words) |
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