.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent concern in Ujjain-based treats and frozen foods company Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Expenditure will certainly enable Bikaji to improve its frosted food items manufacturing capacities and extend its market presence, it pointed out." This critical move not simply reinforces our capability for export development but likewise assists our entry in to the QSR section. By including Ariba's modern development capabilities, our company aim to enhance our icy snacks and also savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and offers an assortment of treats and frozen meals like samosas, naans, parathas, and also desserts under the InDine brand name. The company also provides deal production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks an interesting turning point for Ariba Foods. With our enhanced manufacturing facilities and also export competence, our company are actually well-positioned to comply with Bikaji's manufacturing necessities. Our critical area and advanced manufacturing functionalities will certainly allow our team to steer substantial growth in the frosted meals group together." Intense Softshare worked as the syndicator and also expert for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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