.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 percent risk in Ujjain-based treats as well as frosted foods items firm Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Assets will definitely allow Bikaji to boost its frozen food items production functionalities and grow its market presence, it said.” This important relocation not simply enhances our ability for export growth but also sustains our entrance right into the QSR segment. By including Ariba’s advanced development functionalities, we intend to enrich our frozen snacks and also savouries creating,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces and also sells a wide array of treats as well as frosted foods such as samosas, naans, parathas, and also sweets under the InDine company. The provider also provides contract manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement denotes an amazing breakthrough for Ariba Foods.
With our enhanced manufacturing resources as well as export experience, our experts are actually well-positioned to satisfy Bikaji’s creation necessities. Our important site as well as modern production functionalities will allow our team to steer significant development in the frosted food items category with each other.” Demanding Softshare served as the syndicator as well as specialist for the deal. Posted On Aug 23, 2024 at 02:25 PM IST.
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