.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent concern in Ujjain-based snack foods and icy foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Expenditure will certainly allow Bikaji to boost its icy food manufacturing abilities and also extend its market visibility, it mentioned.” This critical move not just enhances our capability for export growth yet also supports our entrance into the QSR sector. By integrating Ariba’s cutting edge manufacturing abilities, we aim to improve our icy snack foods as well as savouries producing,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also markets a range of snacks and also frozen foods items such as samosas, naans, parathas, and also sweets under the InDine company. The business additionally delivers arrangement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition notes a stimulating milestone for Ariba Foods.
Along with our enhanced manufacturing resources as well as export proficiency, our company are well-positioned to meet Bikaji’s development demands. Our tactical place and also advanced production abilities will definitely allow us to steer notable growth in the frosted food items type together.” Extensive Softshare functioned as the syndicator and also advisor for the bargain. Published On Aug 23, 2024 at 02:25 PM IST.
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