.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent concern in Ujjain-based snacks and frozen foods items firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Expenditure will definitely permit Bikaji to improve its icy food items production capacities and also expand its market visibility, it claimed." This key action not simply enhances our capability for export growth however also sustains our access into the QSR segment. Through including Ariba's state-of-the-art manufacturing functionalities, our team strive to improve our frozen snacks and also savouries making," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as markets a range of treats and also icy foods items such as samosas, naans, parathas, as well as sugary foods under the InDine company. The provider likewise delivers contract manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement marks an exciting milestone for Ariba Foods. With our advanced production centers and also export expertise, our team are well-positioned to satisfy Bikaji's creation demands. Our important site as well as advanced production functionalities will certainly enable us to drive considerable growth in the frosted meals classification all together." Demanding Softshare worked as the syndicator and expert for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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