.Agent ImageNew Delhi: Bikaji Foods has acquired a 55 per cent risk in Ujjain-based treats and also frosted foods firm Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Investment will certainly allow Bikaji to enhance its own icy food production capacities and also extend its own market existence, it stated.” This key action certainly not just enhances our ability for export development yet also sustains our entrance right into the QSR portion. Through including Ariba’s cutting edge development functionalities, our team target to enrich our frozen snacks and also savouries making,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures as well as markets a range of snack foods and frozen foods items like samosas, naans, parathas, and also sugary foods under the InDine brand name. The provider also supplies contract production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition notes a fantastic breakthrough for Ariba Foods.
With our enhanced creation centers as well as export expertise, we are well-positioned to comply with Bikaji’s manufacturing necessities. Our calculated site and also advanced manufacturing abilities are going to permit us to steer considerable growth in the icy food items type with each other.” Intensive Softshare acted as the syndicator and advisor for the offer. Posted On Aug 23, 2024 at 02:25 PM IST.
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