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History of the Group 1990's
History of the Group 1990's
1999 | 1998 | 1997 | 1995 | 1994 | 1993 | 1992 | 1991
1999
Clothing retail continued its expansion with further organic growth and 10 stores purchased from the Co-op. SPI Polyols, which supplies a range of alternative sweeteners compliments the group's other activities.
1998
Despite the difficult market conditions, ABF's underlying sales growth was 6% and the group continued to invest in the latest technologies, spending some £226m on capital equipment.
1997
The group's sale of its retail food interests in Ireland sold to Tesco realised £639m in cash, with a profit on sale of £420m. The group's clothing retail operations, Penneys in Ireland and Primark in the UK grew further, bolstered by the acquisition of the One-Up stores.
1995
The group acquired a specialty oils business and cheese analogs business in the US. These businesses began trading through two new corporate identities, Abitec Corporation and AC Humko Corporation.
1994
Completion of the modernisation and expansion of British Sugar's Wissington site was completed at a cost of some £50m.
1993
Turnover exceeded £4bn for the first time.
1991
The group's growth within its core business was boosted with the acquisition of British Sugar for £880m.
