Associated British Foods (ABF) has confirmed it is in discussions with private equity firm Endless, the owner of Hovis, regarding a possible merger with ABF’s Allied Bakeries business, according to a FoodBev report. In a statement, ABF noted that Allied Bakeries “continues to face a very challenging market”, adding: “We are evaluating strategic options against this backdrop and remain committed to increasing long-term shareholder value. A further announcement will be made …
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Allied Bakeries, the UK bakery firm behind brands such as Kingsmill, Allison’s, Sunblest and Burgen, has announced plans to halt production at its site in Cardiff with the loss of up to 180 jobs, according to BBC and Wales Online reports. “Earlier this year Allied Bakeries announced the loss of a major own label bakery contract, following which we have undertaken a detailed review of our bakery network to optimise …
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