.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent concern in Ujjain-based treats and frozen meals firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Assets will certainly permit Bikaji to boost its frosted meals development abilities and grow its own market presence, it pointed out.” This tactical step certainly not simply enhances our capacity for export growth but also supports our entry in to the QSR portion. By including Ariba’s modern production capabilities, our company target to improve our frosted snack foods and also savouries manufacturing,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes as well as markets a range of snacks and also icy meals including samosas, naans, parathas, as well as sweets under the InDine label. The provider also gives contract production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition denotes a thrilling breakthrough for Ariba Foods.
With our enhanced manufacturing locations and export knowledge, we are well-positioned to fulfill Bikaji’s manufacturing requirements. Our calculated area and advanced production functionalities will enable us to steer considerable growth in the frosted food type all together.” Demanding Softshare acted as the syndicator as well as expert for the bargain. Released On Aug 23, 2024 at 02:25 PM IST.
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