ASSOCIATED BRITISH FOODS PLC

History

Year	Detail
1935	Associated British Foods PLC (ABF) was founded in 1935. It began as Food Investments Limited and later changed its name to Allied Bakeries Limited.
1960	Allied Bakeries changed its name to Associated British Foods to diversify beyond baking and milling further.
1964	Associated British acquired Twinings as part of a clear diversification strategy into other industries.
1999	Associated British acquired AB Enzymes, which became part of the present-day ABFI (ABF Ingredients), ABF’s specialty ingredients business.
2002	ABF acquired Ovaltine, a producer of malted beverages and snacks, and ABF merged it with Twinings to form Twinings Ovaltine.
2012	Westmill Foods, a Associated British Foods P.L.C. subsidiary, acquired Elephant Atta and smaller related ethnic flour brands from Premier Foods P.L.C. for $52.7 million.
2015	Primark, a subsidiary of Associated British Foods (ABF), opened its first store in Boston, U.S., as part of its international expansion. This represented a massive milestone for Primark.
2017	Acetum, a prominent Italian producer of Balsamic Vinegar of Modena, was acquired by ABF to meet consumers’ increasingly sophisticated tastes and growing demand for high-quality, on-trend foods.
2019	ABF acquired Anthony’s Goods, a brand of high-quality, organic, and natural specialty baking ingredients primarily sold online, which is ideally positioned to benefit from the acceleration in e-commerce and increased consumer demand for healthy, organic products.ABF acquired Anthony’s Goods, a brand of high-quality, organic, and natural specialty baking ingredients primarily sold online, which is ideally positioned to benefit from the acceleration in e-commerce and increased consumer demand for healthy, organic products.