.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent concern in Ujjain-based snack foods and also icy foods company Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Expenditure will permit Bikaji to enhance its own frozen food development capacities and also broaden its market existence, it claimed.” This calculated move certainly not simply enhances our capacity for export development yet also supports our entry right into the QSR section. Through integrating Ariba’s modern development abilities, our experts strive to improve our frozen treats as well as savouries manufacturing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes as well as sells a range of snack foods and icy foods such as samosas, naans, parathas, as well as sugary foods under the InDine brand. The firm also supplies arrangement production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement notes an amazing landmark for Ariba Foods.
Along with our innovative development facilities and also export experience, we are well-positioned to comply with Bikaji’s manufacturing needs. Our tactical area and cutting edge manufacturing capacities will definitely enable us to drive notable growth in the icy food group together.” Intense Softshare worked as the syndicator and also specialist for the deal. Published On Aug 23, 2024 at 02:25 PM IST.
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