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Indian food manufacturer ADF Foods looking for overseas acquisitions

Indian foods manufacturer ADF Foods is eyeing overseas acquisitions in the range of INR50-100 crore (INR500 million-1 billion, USD11.27 -22.54 million), a company official said.
"We are eyeing the UK, US and Australian markets for an acquisition and we are looking at companies with a strong distribution network and that already own an ethnic food brand," says ADF Foods’ managing director Bimal Thakkar.

ADF Foods, which currently earns 95 per cent of its revenue from the international market, now plans to focus on India and hopes to grow its revenue from the domestic market to around 40 percent in the next three years.