Associated British Foods plc (full name: Associated British Foods) Britain's leading multinational food processing and marketing company, and the world's second largest manufacturer of sugar and baker's yeast, was founded in 1935 by Canadian W. Garfield Weston. -Weston was established in 1935, initially named Food Investments Limited; it changed its name to the present one in 1960. British Union Foods owns many famous brands, including Ovaltine, Downing Tea, Jordan's and Ryvita.