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: Associated British Foods
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.
Associated British Foods reports strong sales growth
Associated British Foods (ABF) reported “exceptional” sales results for its ingredients, while its food business overall showed resilience in the 24 weeks that ended on March 4, 2023. Sales increased across all businesses, by 23% overall, reaching GBP 5,332 m.
