Jump to content
House Price Crash Forum
Cozza

Historic Cadbury Factory

Recommended Posts

Kraft to sell Cadbury factory for £50 million

http://swns.com/kraft-to-sell-cadbury-factory-for-50-million-221318.html

Tuesday, March 22nd, 2011

American food giant Kraft sparked fresh outrage today by selling the site of an historic Cadbury factory it vowed not to close – for £50million.

The Somerdale site in Keynsham, near Bristol, was closed within days of Kraft’s £11.7billion takeover of Cadbury in 2009, despite pledges it would be saved.

Now the company has put 64 acres of land on the market with outline proposals to build 600 homes on the site.

The move comes days after Kraft’s CEO, Irene Rosenfeld, refused to appear before a committee of MPs at Westminster to explain her actions during the takeover.

Today former Cadbury workers hit out at the firm’s ”broken promises” and demanded Ms Rosenfeld apologise to sacked British staff.

Vince Frankcom, 51, was made redundant from the Somerdale plant last year after 11 years as a ”maker” on the production line.

Mr Frankcom, now a self-employed property maintenance worker, said: ”There is a lot of anger here at the broken promises from Kraft.

”This was a very famous factory – me and my family had worked there for years – and it was a fantastic company to work for.

”It’s now upsetting to see the factory sold – a lot of us feel let down. I feel sorry for the younger generation.

”Irene Rosenfeld should be made to apologise.

”Kraft should now put some money into industry on the site – at least that would give something back to the community.”

The former Cadbury factory site was officially put up for sale on Saturday.

Kraft is selling off 64 acres – roughly the size of 40 football pitches – of the 220 acre site, which is the only part described as ”developable”.

The acres earmarked for development include the former factory buildings and car park and some fields.

The other 156 acres have been ruled out as they are liable to flooding.

Just a handful of the 400 people who were working at Somerdale are still on the site and are in the process of dismantling the factory machinery and cleaning up the building.

The last Curly Wurly rolled off the production line at the beginning of January and production has been moved from Keynsham to Poland.

Developers are being asked to bid for the freehold of the site and have until May 12 to make an offer.

The Cadbury Fry Club, for past and present workers, is to relocated to another part of the site.

The club, which has more than 600 members along with 13 football pitches, four cricket pitches and a nine-hole golf course, is expected to be rebuilt within four years.

BNP Paribas Real Estate, which is selling the land on behalf of Kraft, said the deadline for offers is midday on May 11.

Andrew Taylor, a director at BNP Paribas Real Estate, said: ”We have been working with Cadbury and Kraft Foods for a number of years to identify development opportunities for the site.

”The site represents a unique opportunity for a mixed-use scheme that which could contribute massively to the local demand for housing and generate significant job opportunities.”

Adrian Hearn

Share this post


Link to post
Share on other sites

I don't understand why a new Chocolate company doesn't just start up with a USP of being British based, employing British workers and making chocolate to the same recipe as Cadbury.

Share this post


Link to post
Share on other sites

or people could stop buying Cadbury's chocolate and trash the 'brand'.

But I guess that's putting principle ahead of indulging one's personal cravings so ain't gonna happen.

Share this post


Link to post
Share on other sites

Now the company has put 64 acres of land on the market with outline proposals to build 600 homes on the site.

That's great, 600 new homes for the jobless. Beautiful. A few miles away Bath is topping that with 2600 MOD jobs having left the city for Bristol what else do they need to do with the land than build more affordable ;) homes for the jobless http://www.bbc.co.uk/news/uk-england-bristol-12719642

On a plus side this can only have a negative impact on house prices in the area :D

Share this post


Link to post
Share on other sites

That's great, 600 new homes for the jobless. Beautiful. A few miles away Bath is topping that with 2600 MOD jobs having left the city for Bristol what else do they need to do with the land than build more affordable ;) homes for the jobless http://www.bbc.co.uk...ristol-12719642

On a plus side this can only have a negative impact on house prices in the area :D

What do you expect they would do, its sell up as fast as possible before the government tries anything funny, our governments keep selling its people to the highest bidder.

Share this post


Link to post
Share on other sites

Sweet.

It's also quite telling that nobody was surprised at the fact that the site would be turned into houses. God forbid to put something value-creating in there...

Share this post


Link to post
Share on other sites

Sweet.

It's also quite telling that nobody was surprised at the fact that the site would be turned into houses. God forbid to put something value-creating in there...

It's obvious init

100k for each plot

100k for each build

each with an average sale price of £275k (throwing in free carpets) gives £45,000,000 of toxic wealth to UK Plc

Proof is in the [Cadbury] pudding - let's see it sell first.

Share this post


Link to post
Share on other sites

Not sure planning would be guaranteed but the factory in Bournville is sitting on some prime land and with planning the factory site would be closed down in the blink of an eye. The americans have already discussed it 100% sure of that. That place will be gone within 5 years.

Share this post


Link to post
Share on other sites

or people could stop buying Cadbury's chocolate and trash the 'brand'.

But I guess that's putting principle ahead of indulging one's personal cravings so ain't gonna happen.

Cadbury doesn't exist any more....the brand is kraft...know the owners then get to know what they own...you might be somewhat surprised...all is not what it seems. ;)

Share this post


Link to post
Share on other sites

I'm pretty sure this factory was earmarked for closure by Cadbury before Kraft even appeared and that Krafts mistake was to let on that they might rescue it.

This on Wiki

http://en.wikipedia.org/wiki/Keynsham

On 3 October 2007, Cadbury announced plans to close the Somerdale plant by 2010 with the loss of some 500 jobs. In an effort to maintain competitiveness in a global marketplace, production will be moved to factories in Birmingham and Poland. In the longer term it is likely the greenfield site will be re-classified and provide Keynsham with additional housing.

Under Cadbury it was doomed and the same result would have happened.

Share this post


Link to post
Share on other sites

I'm pretty sure this factory was earmarked for closure by Cadbury before Kraft even appeared and that Krafts mistake was to let on that they might rescue it.

....so what you are saying they lied to buy. ;)

Share this post


Link to post
Share on other sites

The other 156 acres have been ruled out as they are liable to flooding.

That won't stop developers. We're a house buying nation!

Share this post


Link to post
Share on other sites

Cadbury doesn't exist any more....the brand is kraft...know the owners then get to know what they own...you might be somewhat surprised...all is not what it seems. ;)

Yes: the (almost) avocado-free guacamole people bought out the (almost) chocolate-free chocolate people.

Woman sues over lack of avocado in dip

The guacamole sold by Kraft Foods Inc., one of the best-selling avocado dips in the nation, calls for modified food starch, hefty amounts of coconut and soybean oils and a dose of food coloring. The dip contains precious little avocado, but many customers mistake it for wholly guacamole.

Share this post


Link to post
Share on other sites

Now the company has put 64 acres of land on the market with outline proposals to build 600 homes on the site.

Today former Cadbury workers hit out at the firm's "broken promises"

Mr Frankcom, now a self-employed property maintenance worker, said: "There is a lot of anger here at the broken promises from Kraft.

"Irene Rosenfeld should be made to apologise.

Will he still be disgusted when he quite possibly takes advantage of the new houses due to be built there ? Wil he be so disgusted that he refuses to take on contracts/jobs for these houses as an act of enragement about the factory being closed ?

Or will he just complain loudly about one thing and then suck up any advantages that come his way as a result - without a whimper ? :rolleyes:

You would maybe hope for option #1. However in reality - option #2 is far more likely.

Share this post


Link to post
Share on other sites

That's great, 600 new homes for the jobless. Beautiful. A few miles away Bath is topping that with 2600 MOD jobs having left the city for Bristol what else do they need to do with the land than build more affordable ;) homes for the jobless http://www.bbc.co.uk...ristol-12719642

On a plus side this can only have a negative impact on house prices in the area :D

All the Empire-wide famous chocolate factories (which supplied the Armed Services overseas etc) in Norwich were bought out, taken apart and destroyed by Nestle (to reduce competition against a Global beast!)

None existed up to now, although someone has recently restarted one of the companies/making their choc bars!

I remember Bath during the last recession!

Just opposite from the famous Pulteney shop-bridge/river weir all the narrow streets/ alleyways had drug addicts lurking down them - left before dusk so didn't see weir/river all lit up!

Cheltenham was similar around Christmas that year - brushwood blowing down the shopping streets!

Share this post


Link to post
Share on other sites

I bet many of the people complaining about their job being offshored are the same that celebrated their house rising in value each month.

+1

Share this post


Link to post
Share on other sites

I bet many of the people complaining about their job being offshored are the same that celebrated their house rising in value each month.

I bet nearly 100% of those with their own place did.

The UK by and large is a nation of short sighted retards.

Share this post


Link to post
Share on other sites
Guest sillybear2

Not sure planning would be guaranteed but the factory in Bournville is sitting on some prime land and with planning the factory site would be closed down in the blink of an eye. The americans have already discussed it 100% sure of that. That place will be gone within 5 years.

Bournville's days are numbered, once they can find a way to quell the bad PR the wrecking balls will be out. They took on a load of debt from RBS to fund the takeover so further asset stripping is just a matter of time. Same for the Jaguar Land Rover sites too, once the new Chindian plants are up and running the only thing left in the UK will be a bit of R&D at Gaydon. The City hates industry, they'd sell their granny down the river if there was some money in it. I'm not sure what they'll do when there's nothing left to hollow out.

The thing is, will there be any executives left to buy all those new "executive homes"? <_<

Share this post


Link to post
Share on other sites

I bet many of the people complaining about their job being offshored are the same that celebrated their house rising in value each month.

Indeed. And the same people that head to their local Tescos and expect to get farm fresh chillis and okra for a nice curry. And in the next breath complain about globalisation.

You cannot have your cake and eat it. Expecting globalisation just to work in your own personal favour is a bit mental. IMO.

Share this post


Link to post
Share on other sites
Guest sillybear2

Indeed. And the same people that head to their local Tescos and expect to get farm fresh chillis and okra for a nice curry. And in the next breath complain about globalisation.

You cannot have your cake and eat it. Expecting globalisation just to work in your own personal favour is a bit mental. IMO.

A lot of the UK's problems are self-inflicted, in Poland they'll give you a chunk of land, build you a nice road and provide tax breaks, you might even land an EU grant too. Only in the UK does it make sense to destroy a productive factory and replace it with dolls houses because the land has undue value.

Share this post


Link to post
Share on other sites

....so what you are saying they lied to buy. ;)

No, what I'm saying is that people think a bit too simplistically. Here's another example;

plucky little Brit company Cadbury = good

nasty giant Yank company Kraft = bad

The Somerdale factory had no bearing on the sale, they got that by offering the asking price.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.