Kingsmill owner Associated British Foods has inked a deal to acquire Hovis Group from private equity firm Endless LLP, in a move designed to reshape its struggling UK bakery business, Allied Bakeries.

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HOVIS Group, which has a long-standing bakery in Bradford, is to be snapped up by Kingsmill owner Associated British Foods (ABF). The historic business will join ABF's bakery arm, which also owns ...