.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent concern in Ujjain-based snack foods and also icy foods items firm Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment will definitely make it possible for Bikaji to improve its frosted meals development capabilities and broaden its own market visibility, it pointed out.” This strategic action not merely enhances our ability for export growth yet likewise supports our entrance right into the QSR portion. By including Ariba’s state-of-the-art production capacities, our team aim to improve our frosted snack foods as well as savouries creating,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also sells a range of snacks and frosted meals like samosas, naans, parathas, and sweets under the InDine label. The provider also provides arrangement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase notes a fantastic breakthrough for Ariba Foods.
Along with our enhanced manufacturing facilities and export proficiency, our company are actually well-positioned to satisfy Bikaji’s creation demands. Our key site as well as modern production capabilities will definitely enable our team to drive notable growth in the icy food items type together.” Demanding Softshare acted as the syndicator as well as advisor for the package. Released On Aug 23, 2024 at 02:25 PM IST.
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