Archive of all Associated British Foods articles – Page 8
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News
ABF beverages buy includes Ovaltine
Associated British Foods surprised the City with a £171m deal to buy Ovaltine and a clutch of other hot beverage brands from Novartis. The brands will combine with ABF's Twinings tea operation to create a £350m international hot beverages...
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News
ABF buys Ovaltine brand
Associated British Foods has bought the food and beverage operations of Swiss group Novartis for some 272.5m euros.ABF is to acquire worldwide ownership of brands such as Ovaltine, Ovomaltine, Caotine and Lacovo, except in the US and Puerto...
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Suppliers replenish our basket
In the current depressed financial climate, The Grocer's basket of shares has taken an upward turn - we've made a whole £4m this month.Despite most of our companies recording a loss, gains by Somerfield, Associated British Foods, Dairy Crest,...
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Ryvita enters Rice Cakes
Ryvita is aiming to increase its reputation for low fat healthy eating with its first range of rice cakes. Rolling out now, the brand, part of Associated British Foods, has secured listings in most major multiples. Available in two initial...
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ABF's US arm in £248m deal
Associated British Foods' American arm has agreed to buy Unilever's North American corn oil and corn products business in a £248m deal. Among the 19 brands included in the sale is Mazola cooking oil, and the businesses had a combined turnover last...
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ABF innovator Garry Weston dies at 74
Former chairman of Associated British Foods and a member of one of grocery's most famous dynasties, Garry Weston has died, aged 74. He leaves two sons in the business: George, ABF deputy chairman and chief executive of Allied Bakeries, and Garth,...
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News
ANGLIA GROWS IN EDIBLE OILS
Edible oil producer Anglia Oils has acquired Rowallan Creameries from Associated British Foods in a move bringing it into every sector of edible oils. The deal the biggest in Hull based Anglia's history is expected to increase turnover from...
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Ireland's battle at the checkouts: Tesco: The Irish Experien
Tesco moved into the Irish market three years ago, buying the 75-store Quinnsworth and Crazy Prices chain from Associated British Foods for I£630m, a price some in the trade regarded as high. Since then the company has invested another I£200m in...
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Suppliers: ABF hit by tough market
Associated British Foods is planning to expand internationally according to chief executive Peter Jackson, who said "there is no bigger priority than looking for the right acquisition". His comments came as the group announced a drop in pretax...