FDBusiness.com

ABF Expands Speciality Foods Portfolio

 Breaking News
  • 2 Sisters Outlines Transformation Agenda Ronald Kers, the new chief executive of 2 Sisters Food Group, has spelled out his vision for the future of the company. His first 100 days have been taken up with an assessment of the opportunities for the group and creating the new initiatives he plans to put in place. Ronald Kers comments: “2 Sisters can [...]...
  • General Mills Announces Significant Growth Across its UK Snacking Division General Mills is launching new lines across both its Fibre One and Nature Valley portfolios, as it reveals its snacking division has grown +35.4% and household penetration has grown +12.1 percentage points to 25.3%[1] – equating to the size of London[2]. Cake Bars will be added to Fibre One’s guilt-free snacking range in two flavours: Triple Choc [...]...
  • Lorien and Britvic – Manufacturing Success Lorien Engineering Solutions, a division of GP Strategies, is working with soft drinks provider Britvic to help install new state-of-the-art production lines at Britvic’s Leeds and Rugby manufacturing sites. Lorien Engineering Solutions is part of a multi-disciplined project team, created and led by Britvic, to deliver a step-change in business capability. Alongside other specialists, Lorien [...]...
  • Carlsberg Group Increases Ownership in Cambodian Business Carlsberg Group has increased its ownership in the Cambodian brewer Cambrew from 50% to 75%. Cambrew is among the largest brewers in Cambodia. Its largest beer brand – the iconic Angkor Premium Beer with its well-known tagline ‘Our Country, Our Beer’ – is a popular brand among Cambodian consumers. In addition, Cambrew produces and bottles [...]...
  • Kerry Group Reports Healthy Volume Growth Kerry Group, the global taste & nutrition and consumer foods group, has reported a solid underlying business performance for the half year ended 30 June 2018. Group revenue on a reported basis increased by 1.4% to €3.2 billion, reflecting strong volume growth and contribution from acquisitions, offset by adverse currency movements. Business volumes grew by [...]...

ABF Expands Speciality Foods Portfolio

ABF Expands Speciality Foods Portfolio
September 12
14:08 2017

Associated British Foods, the UK-based diversified international food, ingredients and retail group, is acquiring Acetum, the leading Italian producer of Balsamic Vinegar of Modena (BVM),for an undisclosed sum. BVM is one of the best known vinegars in the world, which has been granted European Protected Geographical Indication (PGI) status due to its unique manufacturing tradition and provenance, as well as its high quality. Completion of the transaction is subject to antitrust clearance in Germany and Austria.

Acetum was founded by Cesare Mazzetti and Marco Bombarda, both of whom will remain in the business, and is based in the Province of Modena in Northern Italy, the region traditionally associated with balsamic vinegar. Its brands include Mazzetti, which is the leading brand in Germany and Australia, as well as Acetum and Fini. It also produces a range of apple vinegars and other condiments and sells its products to more than 60 countries around the world.

In the year ended 31 December 2016 the business generated net sales of €103 million. ABF has ambitious plans to grow these brands and the acquisition will broaden the group’s international presence in speciality foods.

ABF has operations in 50 countries across Europe, southern Africa, the Americas, Asia and Australia, generates sales of £13.4 billion and employs 130,000 people.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements