Kingsmill owner to buy Hovis in £75m deal to create UK’s biggest bread brand | Mergers and acquisitions

The owner of Kingsmill has agreed to buy his rival Hovis in an estimated £ 75 million that could create the largest bread-market if the competition rule it is, but also jobs at the risk.

The deal comes to decades of decades in the popularity of the popularity of the inapularity of the policier cut bread, with Hovis, property endlessly endless, and his rival kingsmill – part of Associated British food (ABF) – difficulty coming out of the red for a few years.

Abf, who also has the primarch clothing Chain said the Tie-up would be combining the production and distribution and distribution and distribution and distribution and distribution of the two companies, which is expected to lead to rolls. It is understood that you bring together these facilities spur £ 55m.

The potential merger between the second-and third-largest breads will attract control of the league gang of the league wave of the league, which it is understood to take a year. De Competition and marks authority Shall have to decide when notes enough rivalries and quality of life and other options, such as the current brand leader, which are the expiry of the UK, which accounts, for more, spilled bread.

The Hovi's Directors said recently published in businesses they thought they thought “unlikely to conclude” before September and that control would probably continue until at least then continue.

Sales at Hovis, who has maintaining 2,925 people in the year to 17th 2024 when exceeded a loss of a loss of costs, the majority that is related to restructure.

It said it sticks extreme price vocabulary in the year “in the contraction charges”.

Meanwhile of Abf's Bakery Division – which includes Kingsmill's and Sunblest and Sinnestables – About £ 400 million, according to Panmure Liberum.

Both companies are strong competition from the family property of the family property, now the largest bread brand has received from the market by innovation – from giant crumpets to seeded flatbreads. It is understood to account for more than a quarter packed bread.