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Associated British Foods’ surprise announcement that it may split in two has raised eyebrows but is seen as a potential boost for the company's grocery business.
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Chibe, whose appointment takes effect immediately, succeeds Glen Walter, who will stay on as an adviser through the end of the year.
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According to the both companies: "The two brands align in offering a progressive drinking experience to the modern, discerning consumer."
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Board member Bill Caple has been made chairman while president William Meissner will assume "additional responsibilities".
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The London business is “delivering more than $100m in revenue this year, profitably” and aims to more than double that figure next year.
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The company said the expansion marks the “largest single” investment since the Lisburn plant opened in 2008.
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The deal values the food-and-drinks manufacturer at US$2.9bn.
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Olvi's CEO Patrik Lundell discusses the rationale behind its latest acquisitions and where it sees future growth opportunities.
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