ABF Acquires Patak’s Indian Cuisine

International food and ingredients group Associated British Foods (ABF) has agreed to buy the Indian cusine business Patak’s from the founding Pathak family. Completion is subject to a number of regulatory clearances, which are likely to be satisfied by the end of August 2007.

The business comprises the Patak’s brand and assets in all countries except India. The gross assets of the business being acquired as at 2 October 2005 were $79.5 million.

Patak’s is a leading brand in Indian cuisine and is widely recognised for its authenticity. It was established in England in 1957 and has grown strongly in the UK and has also established a wide international presence.

It manufactures, markets and distributes Indian cooking sauces, curry pastes, chutneys and other meal accompaniments from the Indian sub-continent.