The transaction is expected to close in the third quarter of 2026, pending standard closing conditions.
The acquisition brings together Brace’s regional heritage and brand recognition with BPO’s growing experience of investing in British food businesses, including its recent acquisition of Roberts Bakery in 2025.
The landmark decision clears the path for ABF, which owns the Kingsmill brand, to finalize its acquisition of Hovis from the private equity firm Endless LLP.
Ingredion’s proposed acquisition of Tate & Lyle will create a US$9.9 billion ingredients powerhouse focused on sugar reduction, texture solutions, fortification, and food innovation.
The deal, confirmed in May 2026, transfers ownership of the brand and its St Johns bakery to GWF, which will integrate Abe’s into its existing bakery portfolio that includes Tip Top and Abbotts Bakery.