Adelie Foods, parent company of Buckingham Foods and Food Partners Group, looks set to expand after receiving investment from India Hospitality Corporation (IHC) Global Foods.
IHC primarily looks to acquire and successfully operate Indian businesses or assets in the hospitality, leisure, tourism, travel and related industries, but this is its first major move into the UK market.
Retail sandwich manufacturer Buckingham Foods, and Food Partners – which supplies and distributes sandwiches, salads and prepared fruit products to the UK foodservice sector, including the £50m food-to-go brand URBAN eat – look set to benefit from the deal, as IHC said it hopes to use its extensive knowledge and experience to help Adelie achieve its ambitious plans for future growth.
IHC is led by two entrepreneurs, Ravi Deol and Sandeep Vyas, who founded successful Indian coffee shop chain Barista, as well as having been involved with some of the largest global retail and food brands in the world.
Chairman Deol said IHC recognised “the inherent potential to develop it into a global player in its sector”, while simulaneously strengthening its position in the UK.