Associated British Foods (ABF), an international food and ingredients operator, has reported interim results for the 24 weeks ended 4 March 2017. Group revenue of £7.3 billion was up 19% year on year, and adjusted operating profit rose 35% to reach £652 million. Helping add to the group’s fortunes, ABF noted the addition of recently acquired sports nutrition businesses: HIGH5 and Reflex Nutrition.
A release from ABF stated, ‘During the first half we acquired two small sports nutrition businesses in the UK which have well-known brands in targeted niche markets. HIGH5 is a hydration and energy brand popular with endurance athletes and Reflex provides a range of premium protein-based recovery products. This is a new high-growth market segment and we plan to develop these brands and broaden their distribution.