.Agent ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based snack foods as well as icy meals business Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Investment is going to allow Bikaji to enhance its frosted food items production abilities and broaden its own market presence, it pointed out.” This strategic move not only reinforces our capacity for export growth but also sustains our entry right into the QSR sector. By combining Ariba’s modern creation capacities, our team aim to enrich our frozen snacks and also savouries making,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and also markets a variety of snack foods and frozen foods items like samosas, naans, parathas, and sweets under the InDine brand. The business likewise delivers deal manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase denotes an interesting milestone for Ariba Foods.
With our sophisticated manufacturing facilities and also export experience, our company are actually well-positioned to meet Bikaji’s manufacturing requirements. Our key location and modern production capacities are going to allow our team to drive substantial growth in the frosted meals category together.” Extensive Softshare served as the syndicator and also specialist for the bargain. Posted On Aug 23, 2024 at 02:25 PM IST.
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