Patak's, Britain's best-known Indian food brand, is being sold by its founding family (the Pathaks) for over £100M to Associated British Foods, whose brands include; Sunblest bread, Silver Spoon sugar, Twinings tea and Ovaltine.
Patak's is run by husband and wife team Kirit and Meena Pathak, the "h" in the family name was dropped to make it easier for the English to pronounce.
Patak's was founded in 1957 by Kirit's father, Laxmishanker, who came to Britain in the 1950s as a refugee from Kenya, with his wife and six children. He started with just £5 in his pocket when he arrived in the country.
The business supplies approximately 75% of the 8,000 Indian restaurants in Britain. It also sells curry paste, pappadums, chapattis and cooking sauces through the major supermarket chains and exports to around 40 countries.
Mr Pathak will become chairman of the combined business of Patak's and Blue Dragon and wife Meena will also become a director.
The family is retaining the rights to the Patak brand in India.