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<a href="http://www.accessmylibrary.com/coms2/summary_0286-26196018_ITM" title="Facts and information about ABF buys Ovaltine brand from Novartis.">ABF buys Ovaltine brand from Novartis.</a>
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ABF buys Ovaltine brand from Novartis.
(From FT Investor (Pulses))
Associated British Foods (ABF) is paying SFr400m ($268m) to gain British control of Ovaltine, the old-fashioned malt drink which fuelled Sir Edmund Hillary's conquest of Everest. Novartis , the Swiss pharmaceuticals group, is disposing of Ovaltine as part of its sale of its food and beverage business to ABF, one of Europe's largest food companies which already owns the Twinings speciality tea business. Ovaltine, along with the Ovomaltine, ...
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