.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 per cent concern in Ujjain-based snacks and icy foods items company Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Expenditure will definitely enable Bikaji to boost its frozen meals development capabilities and broaden its own market existence, it claimed." This important relocation certainly not only strengthens our ability for export development yet additionally assists our entry in to the QSR portion. Through combining Ariba's advanced production functionalities, our team aim to improve our icy snacks as well as savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also markets a wide array of snacks and also frozen foods items such as samosas, naans, parathas, as well as sugary foods under the InDine brand name. The firm also offers arrangement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an interesting milestone for Ariba Foods. With our enhanced production facilities and export skills, our company are actually well-positioned to fulfill Bikaji's development necessities. Our critical place as well as advanced manufacturing functionalities will allow our team to steer substantial growth in the frozen food group together." Intense Softshare worked as the syndicator and expert for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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