.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent concern in Ujjain-based snacks as well as frosted meals firm Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Assets will definitely enable Bikaji to boost its own icy food development functionalities and increase its market visibility, it said.” This critical relocation certainly not only reinforces our capacity for export growth however likewise supports our entry right into the QSR portion. By integrating Ariba’s advanced manufacturing abilities, our team target to improve our frozen snack foods as well as savouries manufacturing,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces as well as sells a wide array of snacks as well as icy meals like samosas, naans, parathas, and sweets under the InDine brand. The firm also supplies arrangement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement notes an amazing landmark for Ariba Foods.
Along with our innovative development locations and also export competence, our team are well-positioned to comply with Bikaji’s creation needs. Our critical area and also cutting edge production abilities are going to enable our company to steer considerable growth in the icy food category together.” Intense Softshare acted as the syndicator and advisor for the bargain. Posted On Aug 23, 2024 at 02:25 PM IST.
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