.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent concern in Ujjain-based snack foods as well as frosted meals business Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Financial investment will enable Bikaji to enhance its own icy meals creation capabilities as well as broaden its market existence, it mentioned.” This calculated action certainly not only boosts our capability for export growth but likewise supports our entry right into the QSR section. By combining Ariba’s cutting edge development capacities, we target to boost our frozen snack foods as well as savouries making,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates as well as offers a wide array of snack foods as well as frozen foods items such as samosas, naans, parathas, as well as desserts under the InDine brand. The business also gives contract manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition notes a fantastic breakthrough for Ariba Foods.
Along with our sophisticated manufacturing facilities as well as export skills, we are actually well-positioned to meet Bikaji’s production needs. Our calculated area and state-of-the-art manufacturing abilities will allow our company to steer considerable development in the frozen food items type together.” Extensive Softshare worked as the syndicator as well as advisor for the offer. Posted On Aug 23, 2024 at 02:25 PM IST.
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