UK food giant Associated British Foods has sold six of its flourmills in a move away from commodity food manufacturing.

The mills, at Edinburgh, Castleford, Knottingley, Liverpool, Corby and Tewkesbury, supply flour to other bakery businesses. Last year they generated sales of £96m (US$153.9m).

The sale, to US agribusiness giant Archer Daniels Midland, is estimated to be worth between £65m and £70m.

ABF still owns three flourmills to supply its Allied Bakeries subsidiary, which makes Kingsmill and Allinson bread and Ryvita biscuits, reported the Financial Times.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.