Share this page

ABF response to the CMA’s decision to clear ABF’s acquisition of Hovis

Responding to today’s decision by the Competition and Market Authority to clear ABF’s acquisition of Hovis, a spokesperson said:

“We welcome the unconditional clearance provided by the CMA and we will now work on next steps towards completion.

“Combining with Hovis enables Allied Bakeries to continue operating as well as drive significant synergies to create a sustainably profitable UK bakeries business over the long term that is better placed to compete and establish a platform for product innovation.

“As the CMA found, demand for packaged, sliced bread has reduced significantly due to changing consumer tastes and the bread market faces a difficult economic backdrop. However, we believe the market for nutritious, good value staples remains significant and this business can create value for shareholders, provide greater choice for consumers, increase efficiencies for customers and support the wider UK economy.”

For further information, please contact:

Associated British Foods:

+44 20 7399 6545

Joe Carberry,  Corporate Affairs Director

You may also be
interested in

Our businesses in action

Read our latest case studies to see our businesses in action.

Read more

Responsibility

Learn more about the responsible initiatives and efforts across our business.

Read more

Our use of cookies

We use necessary cookies to make our site work. We’d also like to set optional analytics cookies to help us improve it. We won’t set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookie policy

Please adjust your preferences using the options below and save your preferences. Further information in respect of the specific cookies we use is available in our Cookie policy

Strictly necessary cookies

These cookies are required for the website to run. These cookies are always enabled because our website won’t work properly without them. They include, for example, cookies that enable you to log into secure areas of our website, or use a shopping cart. You can set your browser to block or turn these cookies off, but all or part of our website may become inaccessible or not function correctly.

Analytics cookies

These cookies allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. This helps us to improve the way our website works, for example, by ensuring that users are finding what they are looking for easily. These cookies may allocate a unique identifier to you so we can distinguish you from other website users whilst you are browsing our website, please see our Privacy Policy for further information.

: