International food, ingredients and retail group Associated British Foods (ABF) has announced the merger of W Jordan & Son (Silo) (’Jordans’) and its Ryvita Crispbread business.
ABF will hold a 62% interest in the combined businesses, the balance of which will be held by Jordans’ existing shareholders. ABF acquired a 20% shareholding in Jordans last year.
George Weston, ABF chief executive, said: "We are creating a strong new business and I look forward to the further development of both the Jordans and Ryvita brands."
Completion of the merger is subject to certain regulatory clearances and is expected to take place during the third quarter of 2008.