UK: Associated British Foods acquires Acetum
Associated British Foods (ABF), the UK manufacturer of bakery, sugar and other grocery products, has unveiled the acquisition of Acetum, described as the leading Italian producer of Balsamic Vinegar of Modena, subject to competition clearance. Announcing the move in its latest trading update, the company said it had “ambitious plans” for the newly acquired firm […]
South Africa: Associated British Foods buys $389 million stake from Illovo
Associated British Foods (ABF) has announced that it has reached an agreement with Illovo Sugar to acquire the 48.65% interest in Illovo that it does not already own, in a deal worth around 5.6 billion ZAR ($389 million). ABF, a diversified international food, ingredients and retail group owning brands such as Twinings, Ovaltine and Ryvita, […]
UK: Kellogg, Weetabix and ABF vye to buy Dorset Cereals
Three of the UK’s largest breakfast product manufacturers are battling to take over upmarket cereal producer Dorset Cereals. Kellogg, Weetabix, and Jordan’s Cereals – owned by Associated British Foods (ABF) – have all tabled offers to buy Dorset, the sale value of which is being estimated to be in excess of £50 million ($83 million). […]