£75m Hovis-Kingsmill Merger Reportedly Imminent

£75m Hovis-Kingsmill merger reportedly imminent

ABF is close to acquiring rival bread brand Hovis in a £75m deal, aiming to create a new market leader and cut costs amid mounting pressures in the UK bakery sector.

Deal To Unite Kingsmill And Hovis Close

Associated British Foods (ABF) looks to be close to finalising a transaction that will bring the Hovis and Kingsmill bread brands under single ownership. Following weeks of rumours, Sky News reported yesterday that a deal, which will see ABF acquire (more…) The post Deal To Unite Kingsmill And Hovis Close appeared first on KamCity.

‘Unsustainable losses’ mean Hovis and Kingsmill merger ‘question of when, not if’

The rumoured acquisition of Hovis by Kingsmill owner Associated British Foods is inevitable due to current bakery market conditions, argues James Watson, UK partner at Argon & Co.