.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent concern in Ujjain-based snack foods and frosted foods company Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Investment will definitely enable Bikaji to enhance its icy meals manufacturing abilities and extend its market existence, it claimed.” This critical relocation certainly not merely enhances our capability for export growth but additionally sustains our entry in to the QSR sector. Through integrating Ariba’s modern production functionalities, our company intend to boost our icy treats and savouries manufacturing,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes and sells a variety of snacks and also frozen foods including samosas, naans, parathas, as well as desserts under the InDine company. The business additionally provides agreement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition denotes an amazing breakthrough for Ariba Foods.
With our innovative creation facilities and also export competence, our company are actually well-positioned to satisfy Bikaji’s creation needs. Our key area and also cutting edge manufacturing capabilities will certainly enable our team to drive notable growth in the frozen food items category all together.” Demanding Softshare acted as the syndicator and specialist for the deal. Published On Aug 23, 2024 at 02:25 PM IST.
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