AB Foods buys ethnic flour brand from Premier Foods
Food, ingredients and retail firm Associated British Foods (ABF) is to buy ethnic flour brand Elephant Atta from Premier Foods, the company announced on Friday.
Food, ingredients and retail firm Associated British Foods (ABF) is to buy ethnic flour brand Elephant Atta from Premier Foods, the company announced on Friday.
Elephant Atta, established in 1962, is being purchased by ABF's ethnic food subsidiary Westmill Foods for a cash consideration of £34m.
The company sells a variety of medium, self-raising, white, brown and wholemeal flours which are used to make chapattis and unleavened flat breads.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Elephant Atta is the UK's leading ethnic flour brand and will complement Westmill's other leading ethnic brands including Tolly Boy rice, Rajah spices, Lucky Boat noodles and Patak's pastes and sauces," said ABF Chief Executive George Weston.
Premier Foods will continue to mill and package the flour until regulators approve the deal.
BC
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Rents rise at slowest pace for four years – is buy-to-let still worth it?
Slowing rental growth and higher property taxes are creating a headache for landlords. Does buy-to-let still offer a good yield?
-
Should you bag a bargain with a half-price investment trust?
Twenty-six investment trusts look cheap by historic standards, with some trading at a discount of more than 50%. Are they a bargain or value trap?