UK: Associated British Foods to acquire Hovis
Associated British Foods plc (ABF) reached a highly anticipated agreement to acquire Hovis Group Limited from Endless LLP. The completion of the transaction is subject to regulatory approval.
Tag: Allied Bakeries
Hovis and Kingsmill makers in deal talks
Kingsmill maker Associated British Foods (ABF) is exploring a deal for its Allied Bakeries business. The move could bring together some of the UK’s biggest bread brands – Kingsmill and Hovis, according to a Reuters report.
Allied Bakeries workers go on strike
The Bakers, Food and Allied Workers Union (BFAWU) addressed the 48-hour walkout staged end-May by Allied Bakeries employees working at the Bootle factory, expressing support for the workers’ “fantastic” work in their move for better pay. The union recently warned that nearly a fifth of the 15,000 food workers it represents are relying on foodbanks.