.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per cent stake in Ujjain-based treats as well as frosted foods items firm Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Financial investment will certainly permit Bikaji to enhance its own frozen food production capabilities and expand its own market existence, it pointed out.” This critical step certainly not just boosts our capacity for export development however likewise supports our access right into the QSR sector. By combining Ariba’s modern creation capacities, our team intend to improve our icy snack foods and savouries creating,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also offers a selection of snack foods and also icy foods like samosas, naans, parathas, as well as desserts under the InDine brand name. The business additionally provides agreement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition notes an amazing milestone for Ariba Foods.
With our sophisticated manufacturing facilities and also export proficiency, our experts are well-positioned to satisfy Bikaji’s production demands. Our important site and also modern manufacturing functionalities are going to enable our team to steer notable development in the frosted food type all together.” Intense Softshare served as the syndicator and also consultant for the bargain. Published On Aug 23, 2024 at 02:25 PM IST.
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