ABF to acquire Hovis Group from Endless

Investing.com -- Associated British Foods has agreed to purchase Hovis Group from Endless, according to a statement released Friday.

The acquisition will combine the production and distribution activities of Allied Bakeries, ABF’s UK bakery business, with those of Hovis.

Prior to this agreement, ABF had been evaluating various strategic options for its Allied Bakeries operation in the United Kingdom.

The companies did not disclose financial terms of the transaction.

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