UK-based manufacturer of Indian food Patak’s has appointed Rothschild to undertake a strategic review of how to best drive the future growth of the business.
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It has been reported that options under investigation include the possibility of selling the business, which is valued at around GBP200m (US$385.8m). However, the company has downplayed the likelihood of this eventuality.
“We have commissioned a strategic review which is being undertaken by Rothschild,” a spokesperson for the company told just-food today (12 March). “We are looking into how to grow the business.”
It has been rumoured that the company may alternatively be seeking an equity partner to give it a distribution network and marketing capability that would allow it to compete effectively against Premier Foods’ Sharwoods brand.
“Our goal is to be the world’s leading supplier of authentic Indian food and we have exciting plans for the future development of the business,” Patak’s chairman and CEO Kirit Pathak said in a statement. “We have, therefore, felt it appropriate to retail Rothschild to assist us in reviewing how best to achieve these ambitions.”
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By GlobalData
