TIDMABF
RNS Number : 9605G
Associated British Foods PLC
05 July 2012
Associated British Foods plc
Associated British Foods acquires Elephant Atta, the UK's
leading ethnic flour brand
6 July 2012
Associated British Foods plc ("ABF"),the international food,
ingredients and retail group, today announces the acquisition by
Westmill Foods of Elephant Atta and smaller related ethnic flour
brands from Premier Foods plc ("Premier Foods").
Elephant Atta was established in 1962 and is the leading ethnic
flour brand in the United Kingdom. The brand is sold in a variety
of medium, self-raising, white, brown and wholemeal flours and is
used to make chapatti and other unleavened flat bread for daily
consumption. Westmill Foods is the UK's leading provider of ethnic
food products to ethnic retailers and wholesalers.
George Weston, Chief Executive of Associated British Foods,
said:
"Elephant Atta is the UK's leading ethnic flour brand and will
complement Westmill's other leading ethnic brands including Tolly
Boy rice, Rajah spices, Lucky Boat noodles and Patak's pastes and
sauces."
Premier Foods will continue to mill and package the flour with
the brands being managed independently from Westmill Foods until
regulatory approval is obtained. The cash consideration for the
acquisition is GBP34 million.
For further information please contact:
Associated British Foods John Bason, Finance Director Tel: 020
7399 6500
Citigate Dewe Rogerson
Chris Barrie / Nicola Swift
Tel: 020 7638 9571
Jonathan Clare
Tel: 07770 321881
Notes to Editors
1. Associated British Foods (www.abf.co.uk) is a diversified
international food, ingredients and retail group with global sales
of GBP11.1bn and 102,000 employees. It is listed on the London
Stock Exchange with a market capitalisation of GBP10.2bn. It
operates in 46 countries with significant businesses outside Europe
in southern Africa, the US, China and Australia. Its aim is to
achieve strong, sustainable positions in markets that offer
potential for profitable growth. It strives to achieve this through
a combination of growth of existing businesses, the acquisition of
complementary new businesses and achievement of high levels of
operating efficiency.
2. Westmill Foods is a subsidiary of ABF and a leading
specialist food company in the UK and Europe, serving the chefs and
owners of Chinese and Indian restaurants and takeaways, as well as
a diverse range of Indian, Pakistani, Bangladeshi, Chinese, African
and Caribbean consumers. Its product range includes high quality
rice, spices, sauces, oils, flour and noodles, which it sells to
ethnic wholesalers as well as cash and carry, mainstream
foodservice and the grocery multiples.
3. For further information on Premier Foods, please visit www. premierfoods.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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