ABF announces sale of ACH's herbs and spices business

Associated British Foods plc (ABF) today announces that it has reached an agreement to sell the North American herbs and spices business of ACH Food Companies (ACH) to B&G Foods. The assets to be sold include the Tone’s, Spice Islands and Durkee brands, the license for Weber sauces and seasonings and a manufacturing facility in Ankeny, Iowa. Completion of the transaction, which is subject to anti-trust approval, is expected to occur in October 2016. Following completion of the transaction, ACH will continue to sell vegetable oils, bakery ingredients and specialty ethnic products in the US, Canada and Mexico.

For further enquiries please contact:

Associated British Foods

John Bason, Finance Director
Flic Howard-Allen, Head of External Affairs
Tel:  020 7399 6500

Citigate Dewe Rogerson 

Chris Barrie, Eleni Menikou
Tel:  020 7638 9571   

ABF announces sale of ACH's herbs and spices business