.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent stake in Ujjain-based snack foods as well as frozen foods provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Financial investment will permit Bikaji to enhance its own frosted food manufacturing functionalities as well as expand its own market visibility, it stated.” This important relocation not merely reinforces our capability for export growth yet likewise assists our entry into the QSR section. By combining Ariba’s modern production capacities, our team aim to enhance our icy treats and also savouries producing,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes as well as offers an assortment of treats and icy meals including samosas, naans, parathas, and sugary foods under the InDine brand. The company additionally delivers contract manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase marks a stimulating turning point for Ariba Foods.
Along with our sophisticated production facilities as well as export skills, our team are actually well-positioned to satisfy Bikaji’s manufacturing needs. Our tactical location and also advanced manufacturing functionalities will definitely allow us to drive notable development in the frozen meals type all together.” Demanding Softshare served as the syndicator and also expert for the bargain. Posted On Aug 23, 2024 at 02:25 PM IST.
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