Associated British Foods to acquire Hovis Group from Endless.

Associated British Foods, a diversified international food, ingredients and retail group, agreed to acquire Hovis Group, an integrated bakery business, from Endless, a private equity firm. Financial terms were not disclosed. "This transaction will create a UK bakeries business that is both profitable and sustainable over the long term. Supporting the Hovis and Kingsmill brands with well-invested and efficient operations will also enable innovation and growth. This solution will create value for shareholders, provide greater choice for consumers and increase efficiencies for customers," George Weston, Associated British Foods CEO.