Associated British Foods

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Associated British Foods plc
legal form	Public Limited Company
ISIN	GB0006731235
founding	1935
Seat	London , UK
management	George Weston (Chairman of the Board)
Number of employees	132,590 (2017)
sales	15.3 billion £ (17.1 billion € ) ( FY 2017)
Branch	food
Website	www.abf.co.uk

Associated British Foods Plc ( ABF ) is a UK multinational food production and retail company. Its headquarters are in Knightsbridge , London , England .

ABF was founded in 1935 and achieved sales of around EUR 17 billion in 2017 with around 133,000 employees. The company is listed on the FTSE 100 index on the London Stock Exchange .

Company history

The company was founded in November 1935 by Willard Garfield Weston (1898–1978) as a British subsidiary of the Canadian George Weston Holding and was initially called Food Investments Limited . The following month it was organized as a public corporation . Also in December 1935, the bakery chain Allied Bakeries Limited with 14 branches was taken over. The two companies merged in 1939. The name change to Associated British Foods took place in 1960. In the following year, the bakery chain AB Hemmings Bakeries was taken over. Other significant acquisitions were the Fine Fare supermarket chain in 1963 (sold in 1986), Twinings in 1964 and the Cranfield Brothers mill in Ipswich in 1973 . After George Weston's death, his sons Garry and Galen took over the management of the company and the development of the US business. In 1987 Weston Research Laboratories were established. In 1991 the group acquired control of British Sugar . From 1995 by force's acquired the food ingredients later , ACH Food Companies Inc. formed. At this time the Primark chain of stores was added, which opened its hundredth branch in 2000. In 1997 the retail division for Ireland and Northern Ireland was sold to TESCO. Burton's Bicuit , probably acquired around 1996, was sold in 2000. That year AB Enzymes was founded. In 2002 Mazola Ovaltine ( Wander AG ) and George Weston Foods were added, Australia's last and New Zealand's largest food producer. Tone's Spice (spices) and Fleischman Yeast (yeast) were acquired in 2004 and Patak's Indian Food in 2007. That year, British Sugar opened the UK's first bioethanol facility. In 2008, the group entered into a joint venture with Archer Daniels Midland called Stratas Foods LLC .

Holdings and products

The company is divided into five areas:

• Grocery with £ 3.381 billion in sales (2017)
• Sugar : £ 2.174 billion in sales (2017)
  • Illovo Sugar , South Africa
  • British Sugar , UK
  • Azucarera Ebro , Spain
  • AB Sugar China
• Agriculture : £ 1.203 billion turnover (2017)
• Ingredients: £ 1.493 billion in sales (2017)
  • AB Mauri (baking additives)
  • Ohly , Hamburg (yeast)
• Retail: £ 7.053 billion in sales (2017)
  • Primark

Food

• ACH Food Companies, Inc., USA: Mazola vegetable oils, Tone's (herbs and spices) u. a.

Hot drinks:

• Wander AG , Neuenegg, Switzerland (for the German-speaking area)
• R. Twining & Co Limited , London, England (acquired in 1964)
• Twinings North America, Inc., USA
• Nambarrie Tea Company, Belfast, Northern Ireland
• La Tisanière, Groupe FOODS International SA, France

Products: Ovomaltine / Ovaltine and the tea brands Twinings of London, Jacksons of Piccadilly, Nambarrie and La Tisanière (herbal tea)

Packaged food: In this area, the group primarily offers "ethnic food":

• G. Costa & Co. Ltd, London, England: Costa, Elsenham, Blue Dragon (Asia products), Geo. Watkins, Rajah (Spices), Zest, Patum Peperium and Gray Poupon
• Westmill Foods, London, England: Amoy (sauces), Asli Atta (flour), Green Dragon (rice, flour), Guru (basmati rice), Habib (rice), Lucky Boat (noodles), Pride (vegetable oils), Rajah (spices ), Tolly Boy (rice), Tsingtao (beer), Vitasoy (soy products)

retail trade

This article or section needs to be revised: Primark is not owned by ABF, but is a sister company, both are majority owned by Wittington Investments , Wittington in turn is majority owned by the Garfield Weston Foundation .
Please help to improve it , and then remove this flag.

ABF owns the British-Irish textile retail chain Primark , which is currently represented in Great Britain, Ireland (there as Penneys), Spain, Germany, Portugal, the Netherlands, Austria, France, Belgium, Italy and the United States and mainly clothing for the age group up to 35 years.

Individual evidence

1. ^ Board of Directors
2. ↑ ^{a b} ABF: Annual Report and Accounts 2017. (PDF) Retrieved on August 30, 2018 (English).  
3. ^ Grace's Guide To British Industrial History: Associated British Foods. (accessed 2020-05-24)