Duke Street sells Adelie Food Holding for $350m

The deal was reportedly motivated by the growing demand for quality fast food products in India.

In separate deals in 2006 and 2007, Duke Street acquired Adelie's subsidiaries for approximately €150-200m.

Duke Street was not available for comment.

Company
Adelie is a food products company that services grocery stores, retailers, coffee shops and airlines with ready-made fast food. It is located in Slough, outside London.

Adelie has four subsidiaries: Brambles Foods, Buckingham Foods, Food Partners Group and Superior Food.

People
Ravi Doel led the deal for India Hospitality Corp. 

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