Kingsmill-parent Associated British Foods has bought the Patak’s business from the founding Pathak family.
The deal, set to complete in August, comprises the Patak’s brand and assets in all countries except India - including its Scottish ethnic breads bakery business.
ABF said the Patak’s brand would give its grocery division a strengthened platform in "world foods", operating alongside its Blue Dragon brand. Kirit Pathak will become chairman of the combined business of Patak’s and ABF’s Blue Dragon and Meena Pathak will also become a director. Other details are yet to be finalised. Patak’s had hired investment bank NM Rothschild to review a potential sale of the business earlier this year.
Patak’s manufactures, markets and distributes Indian breads, cooking sauces and other meal accompaniments. Its bakery is based in Cumbernauld, Scotland, and makes a range that includes chapattis, naans and wraps. It can produce 58 million naans a year.
George Weston, ABF chief executive, said: "We are privileged to acquire as fine a business as Patak’s."
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