.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 percent concern in Ujjain-based snack foods and also frosted foods company Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Assets will certainly enable Bikaji to enhance its own frozen food items production abilities as well as increase its market existence, it said.” This calculated move not just enhances our capability for export development yet also assists our entrance in to the QSR sector. By integrating Ariba’s advanced manufacturing capabilities, our experts strive to improve our frosted treats and also savouries producing,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and also offers a wide array of snack foods as well as frosted meals such as samosas, naans, parathas, as well as sweets under the InDine label. The business additionally provides agreement production services. Gaurav Baheti, Promoter of Ariba Foods commented, “This purchase notes an amazing breakthrough for Ariba Foods.
With our enhanced development facilities and also export knowledge, we are well-positioned to comply with Bikaji’s creation needs. Our tactical place and state-of-the-art production functionalities are going to permit our company to drive significant development in the icy meals category with each other.” Intensive Softshare served as the syndicator as well as consultant for the offer. Released On Aug 23, 2024 at 02:25 PM IST.
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