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.
The agreement aims to strengthen Syria’s agricultural processing sector and support food security through large-scale soybean and sunflower seed processing.
The investment is aimed at expanding manufacturing capacity, improving supply chain efficiency, and supporting the growing demand for its speciality ingredient solutions across the food and beverage industry.
The new facility will strengthen local oilseed processing capacity and expand Argentina’s vegetable oil and protein meal exports.
The investment marks one of the company’s largest capacity upgrades in recent years and underscores its commitment to supporting innovation and sustainable growth in natural ingredient solutions.