News

UK: ABF buys drinks brands from Novartis

Most popular

Is Conor McGregor a threat to Pernod? - Analysis

Big beer versus craft beer - Is the fight over?

Pernod is buying Malfy for the flavour - comment

Asia - the latest front in the craft beer battle

Is Carlsberg treating consumers like suckers

MORE

UK food manufacturer Associated British Foods (ABF) has agreed to buy the food and beverage business of Swiss healthcare group Novartis for €272.5m (US$267.2m). The sale includes the popular bedtime drink brands Ovaltine and Ovomaltine as well as the Caotina chocolate drink and the Lacovo malt drink brands. ABF already has a stake in the hot beverage business through its Twinings tea subsidiary. "We are buying a business growing annual sales at 4%, which will give us critical mass in hot beverages, building on the strength of our Twinings tea," said ABF chief executive Peter Jackson in an interview quoted by Reuters.


Related Content

The future of cannabis in the drinks industry - FREE report from just-drinks FUTURES

The future of cannabis in the drinks industry - FREE report from just-drinks FUTURES...

Time for drinks companies to switch from Millennials to Generation Z - research

Time for drinks companies to switch from Millennials to Generation Z - research...

Kraft Heinz launches Springboard unit to grow

Kraft Heinz launches Springboard unit to grow "disruptive" brands...

FREE TO ACCESS - What's the outlook for smart technology in food and drink?- just-drinks FUTURES Vol. 5

FREE TO ACCESS - What's the outlook for smart technology in food and drink?- just-drinks FUTURES Vol...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?