Hovis and Kingsmill breadmakers set for historic £75m merger after talks

Hovis and Kingsmill close to £70m merger deal

The owner of bread producer Kingsmill is reportedly closing in on a deal to purchase rival brand Hovis for £70 million.

Owner Of Kingsmill Close To Deal To Acquire Hovis

Kingsmill and Hovis, two of the UK’s leading bakery brands, look set to merge following months of talks. According to Sky News, Associated British Foods (ABF), which owns Kingsmill’s immediate parent, Allied Bakeries, has proposed paying around £75m to acquire (more…) The post Owner Of Kingsmill Close To Deal To Acquire Hovis appeared first on KamCity.

Hovis and Kingsmill breadmakers set for historic £75m merger after talks

Allied Bakeries, which owns Kingsmill, and Hovis could benefit from up to £50m of annual cost savings from a merger, with the former's parent company, Associated British Foods, set to acquire the latter for £75m