29 March 1999
Times profiles ‘boring’ ABF

THE TIMES profiles the business operations of Associated British Foods (ABF), described by one observer as “the most boring big company quoted on the London Stock Exchange”.

The company deals in commodity foodstuffs – bread, sugar, teas and biscuits – and major customers include the major supermarkets.

ABF is thought to have £3 billion available to spend on acquisitions. A new chief executive is about to take over the running of the company.

He is viewed as a caretaker for the eventual accession of one of the two sons of the family, which is the majority shareholder in the group.