.Agent ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based snack foods and also frozen foods company Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment will certainly permit Bikaji to enrich its own icy meals manufacturing capacities and grow its own market presence, it stated." This critical move not only strengthens our capacity for export development yet additionally supports our access in to the QSR portion. By combining Ariba's advanced development abilities, our experts strive to enhance our frosted treats as well as savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and sells a variety of snacks as well as icy meals including samosas, naans, parathas, as well as desserts under the InDine brand. The provider also gives arrangement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes a thrilling turning point for Ariba Foods. Along with our advanced production locations and export experience, our team are well-positioned to satisfy Bikaji's production necessities. Our critical place as well as cutting edge production capabilities will enable us to steer considerable development in the frozen meals group all together." Extensive Softshare worked as the syndicator as well as expert for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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