.Agent ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based treats and also frozen foods company Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment is going to make it possible for Bikaji to boost its own frozen food development functionalities as well as broaden its own market existence, it claimed.” This calculated technique certainly not only strengthens our capability for export growth but also sustains our entrance right into the QSR segment. By integrating Ariba’s modern development abilities, our company aim to improve our frozen snacks as well as savouries making,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and also sells an assortment of treats and frozen foods like samosas, naans, parathas, and also sweets under the InDine company. The firm also delivers deal manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement denotes a stimulating landmark for Ariba Foods.
Along with our sophisticated creation locations and export experience, our company are actually well-positioned to comply with Bikaji’s production needs. Our important place as well as state-of-the-art production capabilities will permit our team to drive considerable development in the icy meals category with each other.” Demanding Softshare acted as the syndicator as well as consultant for the bargain. Released On Aug 23, 2024 at 02:25 PM IST.
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