.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based snacks as well as frosted foods items business Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Assets will certainly allow Bikaji to improve its frozen food manufacturing functionalities as well as extend its market visibility, it mentioned." This critical step not just enhances our capability for export growth but likewise supports our entrance right into the QSR portion. By combining Ariba's modern production functionalities, we target to enrich our frosted snacks and also savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also offers a wide array of snack foods and frosted foods items such as samosas, naans, parathas, and also sweets under the InDine company. The firm additionally supplies contract manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an impressive turning point for Ariba Foods. Along with our enhanced creation locations as well as export know-how, our team are actually well-positioned to meet Bikaji's manufacturing demands. Our calculated site as well as cutting edge manufacturing functionalities will definitely permit our company to drive considerable growth in the frozen food items classification with each other." Intensive Softshare acted as the syndicator and also advisor for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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