“This is a merger out of distress, not progression” – can ABF-Hovis deal bolster UK bread businesses?
Leaf through at least the last ten years of Associated British Foods’ annual reports and it’s clear the UK bread…
Hovis
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ABF snaps up Hovis despite sales, profit pressures in UK bread
Associated British Foods (ABF) is to acquire the Hovis bread business from UK headquartered private-equity firm Endless. ABF confirmed the…
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Allied Bakeries owner ABF confirms talks with Hovis backer Endless
Associated British Foods (ABF) is in discussions with private-equity firm Endless as the manufacturer weighs up the future of UK…
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Hovis signs partnership deal with Modern Baker
UK bread processor Hovis has signed a new three-year licensing agreement with the better-for-you baked goods manufacturer Modern Baker. Both…
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Hovis brings in ex-Allied boss Jon Jenkins as CEO
UK breadmaker Hovis has appointed Jon Jenkins, a former senior executive at rival Associated British Foods, as its new CEO.…
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Hovis announces CEO Nish Kankiwala to step down
UK bread maker Hovis has announced CEO Nish Kankiwala is to leave the role. Kankiwala has been with the firm…
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2020 – The year in food industry M&A
As this year has been dominated by Covid-19, it is impossible to examine M&A activity in the global food industry…
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UK bakery business Hovis sold to PE firm Endless
UK bread maker Hovis has been acquired by Endless, confirming media speculation the private-equity fund had emerged as the front-runner…
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Hovis ‘in advanced talks to sell to PE firm Endless’
Endless, a UK-based private-equity firm, is reportedly in "advanced talks" with the owners of bread maker Hovis to acquire the…
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Newlat wants exclusive Hovis talks
Newlat has pulled out of the process to buy Hovis – and will only return to the table if the UK…
