AB Foods Seeks Acquisitions

According to AFXNews, Associated British Foods is in the market for acqusitions in either Europe or North America after recording a 10 percent pretax profit this year. AB Foods, which includes brands such as ovaltine, Mazola and Kingsmill bread, is looking at specialty grocery and ingredients businesses.

According to the article, AB Foods was rumored to be in the market for GlaxoSmithKline's consumer healthcare division which includes brands such as Ribena.

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