Investment Summary

Associated British Foods Invests In Illovo Sugar

On May 19, 2006, Associated British Foods invested in food company Illovo Sugar

Investment Highlights
  • This is Associated British Foods’ 2nd transaction in the Food sector.
  • This is Associated British Foods’ 1st transaction in South Africa.

Investment Summary

Date 2006-05-19
Target Illovo Sugar
Sector Food
Investor(s) Associated British Foods
Deal Type Stake Purchase

Target

Illovo Sugar

Durban, South Africa
Illovo Sugar Ltd. is a sugar producer and manufacturer of downstream products. High-value products manufactured downstream of the sugar production process are sold internationally into niche markets.

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Investor(S) 1

Investor

Associated British Foods

London, United Kingdom

Category Company
Founded 1935
Sector Food
Employees138,000
Revenue 20.1B GBP (2024)
DESCRIPTION

Associated British Foods is a group of businesses that enjoys a high degree of autonomy in the running of its operations. They are grouped into five business segments: sugar, agriculture, retail, grocery, and ingredients. Associated British Foods was incorporated in 1935 and is based in London, England.


DEAL STATS #
Overall 3 of 7
Sector: Food M&A 2 of 5
Type: Stake Purchase M&A Deals 1 of 2
Country: South Africa M&A 1 of 2
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 HP Foods’ Ethnic Foods business

United Kingdom

The HP Foods Ethnic Food business supplies a wide range of owned and agency brands to the Chinese, Indian and Thai restaurant sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-30 Azucarera Ebro S.L.

Madrid, Spain

Azucarera was the second largest Spanish manufacturer of sugar.

Buy €385M