UK: ABF sells British starch business to French group
Corby-based ABR is currently a small independent producer, which would find it difficult to compete among the few international firms that supply the starch market. Employing about 100 people and completing sales of £34m in the year ending September 1999, the company was sold for an undisclosed amount.
Peter Jackson, CEO of ABR Foods, was positive about the benefits of new ownership: "This is another step forward as we continue to focus our activities in markets where we are well positioned to maximise shareholder value."
Companies: Associated British Foods
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