.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based treats and frozen foods company Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Assets will certainly allow Bikaji to boost its own icy food items development functionalities and also extend its market visibility, it said." This key step certainly not simply strengthens our ability for export growth however also supports our entrance right into the QSR portion. Through including Ariba's modern development capabilities, our experts strive to boost our icy snack foods and savouries making," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also offers a variety of treats and frosted meals like samosas, naans, parathas, as well as sweets under the InDine brand name. The provider also provides arrangement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks an impressive breakthrough for Ariba Foods. Along with our state-of-the-art creation facilities and export knowledge, we are well-positioned to fulfill Bikaji's creation needs. Our important site as well as advanced manufacturing capabilities will certainly enable us to drive substantial growth in the frosted meals category with each other." Intensive Softshare worked as the syndicator and also advisor for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
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