ADF Foods acquires US-based Elena's Food Specialities, Inc

Date: 01-10-2010

ADF Foods Ltd. is all set to acquire assets of the US based Elena's Food Specialties, for an undisclosed amount. Elena’s is a US-based manufacturer and marketer of organic and natural products and a leading provider of protein-based Mexican foods in the natural and organic category. ADF will acquire all significant assets and certain liabilities of Elena’s for an agreed consideration.

The acquisition will be conducted by means of an asset purchase by ADF and/or its international subsidiary companies. Some of Elena’s existing shareholders will hold a minority stake in ADF’s operating subsidiary in USA. The deal is expected to close by October, 2010.crack crack