.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent concern in Ujjain-based snack foods as well as icy meals provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Expenditure will definitely permit Bikaji to enhance its own frosted meals production functionalities and also increase its market existence, it mentioned." This critical action not only boosts our capability for export development yet likewise sustains our entry in to the QSR segment. By including Ariba's modern manufacturing functionalities, our team target to enrich our frosted snacks and savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a range of snack foods as well as frozen meals such as samosas, naans, parathas, and also sweets under the InDine brand. The firm likewise provides deal production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an interesting breakthrough for Ariba Foods. Along with our advanced manufacturing resources and export competence, our team are well-positioned to fulfill Bikaji's production needs. Our critical area and also modern manufacturing abilities will certainly enable our company to steer considerable development in the frosted meals group together." Demanding Softshare functioned as the syndicator and advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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