CTH Invest, a Belgian holding company related to the Ferrero Group, has entered into a definitive agreement to acquire Burton’s Biscuit Company from the Ontario Teachers’ Pension Plan Board.

Global snacking company pladis is considering closing its biscuit factory in Tollcross, Glasgow, Scotland, a move that would affect 468 jobs.

CTH Invest, a Belgian holding group associated with Ferrero Group, announced it will acquire Fox’s branded and retailer own-brand biscuit business from Northern Food Grocery Group Limited.