date:Apr 23, 2012
Indian leisure company India Hospitality Corp (IHC) has acquired Adelie Food Holding, a UK-based producer of ready-to-eat food, for $350m from private equity firm Duke Street Capital.
Through the acquisition, IHC plans to leverage Adelie's cold food manufacturing, distribution as well as consumer insights in India.
IHC Chairman Ravi Deol said the rising demand for quality fast food products among India's growing middle class is one of the primary reasons for the acquisition.
IHC is excited to o