.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 percent concern in Ujjain-based snack foods and frozen foods items firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Expenditure is going to allow Bikaji to enrich its frozen food items creation abilities as well as broaden its own market existence, it stated." This key move certainly not merely reinforces our ability for export growth however likewise supports our access into the QSR section. By integrating Ariba's state-of-the-art development capabilities, our experts target to enrich our frozen snacks as well as savouries making," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a wide array of snack foods and also frosted foods including samosas, naans, parathas, and also sugary foods under the InDine label. The provider also supplies contract manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement notes a stimulating milestone for Ariba Foods. Along with our sophisticated development locations as well as export proficiency, our team are actually well-positioned to comply with Bikaji's production demands. Our calculated place as well as state-of-the-art manufacturing capabilities are going to permit our company to drive substantial development in the frozen food type with each other." Demanding Softshare worked as the syndicator as well as expert for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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