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Associated British Foods Plc: Overview

Associated British Foods Plc (ABF) is a subsidiary of Wittington Investments Ltd, is a diversified food processing and retail group. The company's major businesses include sugar, ingredients, grocery, agriculture and retail. It also offers hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, herbs and spices, ethnic foods and meat products. ABF processes sugar beet and sugar cane for sale to industrial users. The company manufactures animal feeds and other related products and services for the agriculture sector, and bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialties. ABF serves diverse industries including agriculture, pharmaceutical, retail and food. The company operates across Europe, Africa, the Americas, and Asia-Pacific. ABF is headquartered in London, Greater London, the UK.

Headquarters United Kingdom

Address Mayfair, 10 Grosvenor Street, London, W1K4QY


Telephone 44 20 73996500

No of Employees 132,273

Industry Consumer Packaged Goods

Ticker Symbol & Exchange ABF (LON)

Revenue (2023) $23.4B -0.4% (2023 vs 2022)

EPS XXX

Net Income (2023) XXX 5.1% (2023 vs 2022)

Market Cap* $18.3B

Net Profit Margin (2022) XXX 5.5% (2023 vs 2022)

* As of and is in US$

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Consumer Market Data Insights

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Products and Services

Products Brands
Grocery: Allinson
Hot Beverages Askeys
Sugar and Sweeteners Argo
XXX XXX
XXX XXX
XXX XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Corporate Changes/Expansions In December, Primark opened a new store in New York.
2022 Plans/Strategy In December, Primark announced its plans to open 10 shops.
2022 Plans/Strategy In December, the company announced its plans to open 27 new stores by the end of the financial year in 2023.
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Competitor Comparison

Key Parameters Associated British Foods Plc Nestle SA Danone SA Kellogg Co Kerry Group plc
Headquarters United Kingdom Switzerland France United States of America Ireland
City London Vevey Paris Battle Creek Tralee
State/Province - - - Michigan -
No. of Employees 132,273 276,000 98,105 31,000 25,195
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Michael McLintock Chairman Executive Board 2018 61
George Weston Chief Executive Officer; Director Executive Board 2005 58
Eoin Tonge Chief Financial Officer Senior Management 2022 -
John Bason Director - Finance; Director Executive Board 1999 65
Paul Lister Secretary Senior Management - -
Non Dignissim Eros Proin vel Convallis 2023 XX
Non Dignissim Eros Proin vel Convallis 2023 XX
Non Dignissim Eros Proin vel Convallis 2023 XX
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