Associated British Foods plc
ABF.L
London Stock Exchange1,898.50
GBp
-58.50
- -
Associated British Foods plc
ABF.L
(London Stock Exchange)
Recent
price
1,898.50
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Associated British Foods plc Associated British Foods plc operates as a diversified international food, ingredients and retail group. The company conducts its activities through five primary segments: retail; grocery; ingredients; sugar; and agriculture. The retail segment buys and merchandises value clothing and accessories through the Primark and Penneys retail chains, offering womenswear, menswear, childrenswear, beauty products, homeware and accessories across approximately 450 stores and 19.5 million square feet of selling space in 17 countries including the UK, Ireland, Europe, the US and other regions. The grocery segment manufactures and sells a broad range of products encompassing hot beverages, sugars, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods and meat products to retail, wholesale and foodservice customers. The ingredients segment produces yeast and bakery ingredients as well as specialty ingredients including enzymes, protein extracts, health and nutrition products, lipids, esters, specialty flours and pharmaceutical delivery systems. The sugar segment grows and processes sugar beet and sugar cane to generate various sugars and related products primarily in the UK, Spain and Africa. The agriculture segment manufactures specialty feed ingredients, premixes and compound animal feeds, alongside other products and services for the agriculture sector. Associated British Foods plc employs 138,000 people, generates group revenue of £20.1 billion and maintains operations in 56 countries across Europe, Africa, the Americas, Asia and Australia. The company, founded in 1934, maintains its headquarters at Weston Centre, 10 Grosvenor Street, London, United Kingdom, and operates as a subsidiary of Wittington Investments Limited. In a significant recent development, Associated British Foods plc announces its agreement to acquire Hovis Group Limited from Endless LLP, integrating it with its existing Allied Bakeries division which includes the Kingsmill, Allinson's and Sunblest brands; this strategic transaction, valued at approximately £75 million and subject to regulatory approval, aims to combine production and distribution activities, drive cost synergies and efficiencies, enhance competitiveness in the UK bread market where the merged entity would hold a 41% share, and support innovation in growing bakery segments amid declining demand for pre-sliced packaged bread.
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