.Rep ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based snack foods and frozen foods company Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Assets will certainly make it possible for Bikaji to enhance its own icy meals production functionalities as well as grow its own market existence, it stated.” This calculated step certainly not just strengthens our ability for export growth yet additionally assists our access into the QSR portion. Through incorporating Ariba’s state-of-the-art production capabilities, our company aim to enhance our icy treats and savouries producing,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces and also markets a wide array of snacks and also frosted foods such as samosas, naans, parathas, and sweets under the InDine label. The firm likewise offers deal manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase notes an impressive turning point for Ariba Foods.
Along with our advanced production resources and export expertise, our team are actually well-positioned to meet Bikaji’s creation requirements. Our tactical location as well as cutting edge manufacturing capacities are going to allow our company to steer substantial growth in the frozen food group together.” Intensive Softshare worked as the syndicator and expert for the package. Released On Aug 23, 2024 at 02:25 PM IST.
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