.Agent ImageNew Delhi: Bikaji Foods has acquired a 55 per cent concern in Ujjain-based snack foods and icy foods items provider Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Financial investment is going to make it possible for Bikaji to enhance its own frosted food production capabilities and expand its market existence, it claimed.” This strategic step certainly not only enhances our capability for export development yet likewise supports our entry into the QSR section. By including Ariba’s advanced development abilities, our experts target to boost our icy treats as well as savouries manufacturing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes and offers a variety of snack foods and also icy foods items like samosas, naans, parathas, and sugary foods under the InDine label. The company likewise delivers agreement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase marks a thrilling breakthrough for Ariba Foods.
With our sophisticated creation facilities and export know-how, we are actually well-positioned to meet Bikaji’s creation needs. Our calculated place and state-of-the-art manufacturing functionalities will definitely enable our team to drive substantial growth in the frosted food items group together.” Intensive Softshare acted as the syndicator and consultant for the offer. Released On Aug 23, 2024 at 02:25 PM IST.
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