.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent concern in Ujjain-based treats and also frosted foods business Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Financial investment will certainly permit Bikaji to improve its frozen food items development abilities as well as expand its own market visibility, it stated.” This tactical move certainly not merely enhances our capability for export growth yet also sustains our access in to the QSR portion. Through combining Ariba’s cutting edge development capacities, we aim to improve our frosted snack foods as well as savouries creating,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes as well as sells a selection of snacks and frozen foods including samosas, naans, parathas, as well as sweets under the InDine brand. The firm also offers contract production services. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition marks a thrilling breakthrough for Ariba Foods.
Along with our innovative production facilities and export experience, we are actually well-positioned to comply with Bikaji’s creation demands. Our critical place as well as cutting edge manufacturing abilities will certainly enable our team to steer significant growth in the frosted meals group all together.” Intense Softshare functioned as the syndicator and also expert for the package. Released On Aug 23, 2024 at 02:25 PM IST.
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