.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 per cent concern in Ujjain-based treats and also icy meals provider Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Expenditure will definitely permit Bikaji to enhance its frozen food items production capabilities and grow its own market existence, it said.” This tactical move certainly not simply enhances our ability for export growth yet likewise assists our entry into the QSR segment. Through incorporating Ariba’s state-of-the-art creation abilities, we target to boost our icy snacks and savouries creating,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes and sells a range of snack foods as well as icy meals such as samosas, naans, parathas, as well as sugary foods under the InDine label. The company also provides arrangement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition denotes a stimulating turning point for Ariba Foods.
Along with our sophisticated production locations as well as export expertise, our team are actually well-positioned to meet Bikaji’s creation demands. Our strategic site and state-of-the-art production abilities will certainly allow our team to steer considerable development in the frosted meals classification with each other.” Demanding Softshare worked as the syndicator and expert for the bargain. Posted On Aug 23, 2024 at 02:25 PM IST.
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