Domestic supply now meets most demand as research and industry work together to grow the sector.
The company intends to optimize its portfolio, strengthen the balance sheet and deliver sustainable longterm value to shareholders.
The deal reflects the company’s ongoing strategy to broaden its product portfolio and reinforce its position in the growing private-label snack segment.
The watchdog provisionally concluded that the merger is unlikely to raise competition concerns in Great Britain, largely because ABF’s bakery arm, Allied Bakeries, is expected to exit the market if the deal does not proceed.
The system is tailored for in store and light industrial baking, allowing bakers to produce a wide range of breads, pastries, and other baked items throughout the day without requiring large, traditional production ovens.