Associated British Foods Plc - Company Profile
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Business Description
Associated British Foods Plc (ABF) is a diversified group engaged in food, retailing and ingredients businesses. ABF operates in various industries, including grocery, ingredients, sugar, agriculture, and retail. The company has business operations across 56 countries and serving customers in over 100 countries.
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R&D Overview
ABF's R&D arm focuses on innovative use of existing and emerging technologies to enhance the development of new products and processes. The company has initiated the DigiReDI program at AB Enzymes to digitalise and automate R&D processes, incorporating algorithms and AI to improve efficiency and sophistication in product development. This initiative aims to connect lab equipment to bespoke digital R&D processes, reducing manual data handling and enabling faster data processing and analysis. The company's R&D efforts are expected to enhance enzyme screening methods and streamline data compilation for regulatory reports, allowing researchers to focus more on product development and experiment fine-tuning. The R&D units of the company include the Allied Technical Center in the UK, ACH Food Companies in the USA, AB Mauri in Australia and the Netherlands (including the Global Technology Center), AB Enzymes in Germany, and the Roal pilot plant in Rajamäki, Finland. In FY2024, the company incurred a total expenditure of GBP49 million on R&D, which as a percentage of revenue, stood at 0.2%.
Business Segments
Overview
Manufacture and sells yeast and bakery ingredients as well as speciality ingredients focused on enzymes, procession extracts, health and nutrition and pharmaceutical delivery systems.
Performance
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Overview
Sells clothing and accessories through Primark and Penneys retail chains. Perform operations in the UK, the US and Europe.
Performance
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Overview
Produces and sells a range of food, feeds, fuels and other products from sugar cane, sugar beet and wheat in Africa, the UK and Spain.
Performance
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Overview
Manufacture and offer speciality feed ingredients, premix and compound animal feed, as well as the provision of other products and services for the agriculture sector.
Performance
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Overview
Manufacture and market a variety of well-known household brands both nationally and internationally, including Twinings, Ovaltine, Patak’s, Kingsmill, Jordans, Tip Top, Yumi’s and Mazola. Serves in the US, the UK, Australia and New Zealand.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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