Archive of all Associated British Foods articles – Page 7
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Bread's going out of fashion for ABF
Asale to Warburtons or Premier is surely out of the question without a lengthy and potentially damaging investigation. But despite official denials, a well-placed source has confirmed that Associated British Foods is in "exclusive, confidential...
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ABF buys Jordans stake
Associated British Foods is to buy a 20% stake in cereal manufacturer Jordans.The food giant will acquire the share capital from the founding Jordan family, which will continue to control the business.The Jordans product range...
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ABF's wisdom curries favour with Patak's
Associated British Foodshas beaten off competition from bigger rivals to buy Patak's this week.The deal was estimated to be worth more than £100m, and City analysts believe owner Kirit Pathak could also receive an extra £90m over the...
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AB Foods shares rise
Shares in Associated British Foods rose 6.5p to finish on 932p yesterday after the group revealed it had acquired Indian food company Patak's in a deal thought to be worth more than £100m.The deal includes the Patak's brand and assets in all...
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Associated British Foods acquires Patak's
Associated British Foods has acquired Indian food company Patak's from the founding Pathak family for an undisclosed sum.The deal includes the Patak's brand and assets in all countries except India and completion is subject to a number of...
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The greening of major suppliers
Associated British Foods: The company is building a bioethanol plant in Norfolk that will process sugar beet into 55,000 tonnes of bioethanol each year, providing a sustainable energy source for more than one million cars. Cadbury...
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Sugar regime hits AB Foods
Associated British Foods has warned that profit at its European sugar businesses will continue to be hit by changes to the EU sugar regime.Full-year operating profit to 16 September at its primary food business, which includes its sugar...
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Suppliers act to cut carbon emissions
Four of the country's biggest suppliers launched major bids this week to ramp up their green credentials.Cadbury Schweppes, PepsiCo, Coca-Cola Enterprises and Associated British Foods announced programmes to cut their carbon emissions...
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Hughes runs RHM logistics
Mark Hughes is RHM's new group procurement and logistics director, replacing Gerry Walsh, who moved to Associated British Foods.Hughes was previously divisional director for RHM's bread bakeries division, where he was responsible for the...
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ABF to acquire Illovo Sugar
Associated British Foods has announced a recommended offer to acquire 51% of Illovo Sugar, the largest cane sugar producer in Africa.ABF said that it would support Illovo's plans for capacity expansion and development in its African...
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ABF and Cargill complete JV business
Associated British Foods (ABF), the international food, ingredients and retail group, has announced it has completed an agreement to form a standalone joint venture UK business between its arable business, Allied Grain, and Banks Cargill...
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Associated British Foods reports satisfactory trading
In a trading update prior to the announcement of its interim results, Associated British Foods has said that results to the six months to March 5 were satisfactory and in line with its expectations for the year.In the last financial year the...
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ABF and Cargill JV created
International food and ingredients group Associated British Foods (ABF) is to form a joint venture arable business in the UK between its arable business Allied Grain and Banks Cargill Agriculture (BCA), a subsidiary of Cargill. Allied Grain...
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Star brands boost ABF
Ovaltine, Kingsmill and Ryvita helped drive up sales and profit at Associated British Foods in its interim period.Ryvita enjoyed strong growth in crispbreads, while ABF said Ovaltine, which was acquired in November, and Twinings improved...
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Unilever sells oil brands in Mexico
Unilever Mexico has sold its edible oils and white fats business to theMexican subsidiary of Associated British Foods for $ 110m.Brands included in the sale to ACH Food are Capullo bottled canola oil, Mazola edible oil and Inca white...
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ABF buys G Costa
Associated British Foods, with brands Ryvita, Twinings and Ovaltine has bought speciality food company G Costa for an undisclosed sum.Blue Dragon brand owner G Costa, which reported annual sales in 2002 of £51.8 m, said the company would be...
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ABF profits from acquisitions
Associated British Foods, the maker of Kingsmill bread and Twinings tea, said profit at the group had been boosted by its acquisition of Mazola corn oil and malt drink Ovaltine. For the year to September 13, ABF posted a 9% rise in pre-tax...
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ABF profits from acquisitions
Associated British Foods said interim results had seen good performances from its Kingsmill bread, Ryvita crispbread and discount clothes store Primark and buoyed by new the businesses of Mazola oils and Ovaltine drinks.The group – which...
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ABF sifts flour mills
Associated British Foods is set to sell six of its nine flour mills to US mill giant Archer Daniels Midland for an undisclosed sum. The move will see ABF provide flour exclusively for Allied Bakeries, the group’s bakery arm, with brands such...
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ABF sells glass unit
Associated British Foods has sold its Allied Glass Containers business to management for an undisclosed sum. ABF whose brands include Twinings tea and Ovaltine milk drink, said the business had sales of £58m and net assets of £42m as of...