.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 percent concern in Ujjain-based snacks and frosted foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Assets will definitely make it possible for Bikaji to boost its own frosted meals manufacturing capacities as well as grow its market presence, it pointed out.” This critical action not merely strengthens our capacity for export growth but likewise assists our entrance right into the QSR portion. Through integrating Ariba’s advanced creation capacities, our team target to enhance our frozen snack foods and savouries creating,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces and also markets a wide array of treats and frosted meals like samosas, naans, parathas, as well as sweets under the InDine label. The business also provides contract production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition denotes an amazing breakthrough for Ariba Foods.
Along with our state-of-the-art development locations and also export know-how, we are actually well-positioned to comply with Bikaji’s creation demands. Our key location and cutting edge manufacturing capabilities will enable us to steer considerable development in the frosted food items group all together.” Intensive Softshare acted as the syndicator and also consultant for the offer. Released On Aug 23, 2024 at 02:25 PM IST.
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