Executive Summary
Associated British Foods is a diversified international food, ingredients and retail group with sales of £6.8 billion and over 85,000 employees in 43 countries. The group is one of Europe's largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. A significant supplier of branded and non-branded grocery products and a leading textile retailer, it has significant businesses across the world. Associated British Foods is divided into four segments: Grocery; Sugar & Agriculture; Ingredients, and Retail.
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Grocery - ABF is a major international manufacturer of both branded and private label grocery products many of which are household names such as, Allinson, Kingsmill, Mazola, Ovaltine, Ryvita, Silver Spoon and Twinings.
Sugar & Agriculture - ABF operates at the heart of the agricultural industries in the UK & Europe, Africa and China - predominantly in sugar production. Its total sugar output places it as the second largest producer in the world. British Sugar is Europe's most efficient sugar producer and the sole processor of the UK sugar beet crop. AB Agri is an international UK business delivering products, technology and services to the food, drink and animal feed sectors. In September 2006 the group acquired 51% of the African-based sugar company, Illovo Sugar Ltd.
Ingredients - The Ingredients segment is totally focused on high added-value ingredients for food & non-food areas and is split into two divisions. AB Mauri is the world's number two in bakers yeast which is a market leader in US, South America and Asia. It also focuses on the specific needs of local bakery markets worldwide by supplying industrial bakeries, artisanal bakeries, hotel and food service outlets. ABF Ingredients features a range of companies (inc. AB Enzymes, ABITEC, Ohly, PGP International, Protient) that have strong market positions in cereal specialities, emulsifiers, enzymes, esters, extruded ingredients, lactose, speciality lipids, speciality powders, speciality flours, yeast extracts, whey/milk protein isolates and concentrates.
Retail - ABF has a significant presence in High Street retailing through its fast-growing Primark value fashion and clothing chain, trading from 170 stores and 4.8 million sq ft of selling space in the UK, Republic of Ireland and Spain.
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