.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent concern in Ujjain-based snacks and also icy meals firm Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Financial investment is going to make it possible for Bikaji to boost its frosted food development abilities and also extend its market existence, it stated.” This critical action certainly not simply enhances our capability for export growth however also sustains our entrance right into the QSR sector. By including Ariba’s modern manufacturing abilities, our company strive to enrich our frosted snacks and savouries making,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and sells a variety of treats and also frosted foods like samosas, naans, parathas, and sugary foods under the InDine label. The company also supplies deal production companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement denotes a stimulating landmark for Ariba Foods.
With our sophisticated production facilities as well as export proficiency, our team are well-positioned to meet Bikaji’s development necessities. Our tactical site and modern production abilities will enable our company to steer notable development in the frozen food type all together.” Intensive Softshare acted as the syndicator and expert for the package. Published On Aug 23, 2024 at 02:25 PM IST.
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