.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 per cent risk in Ujjain-based treats and frozen meals firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Financial investment will certainly permit Bikaji to enhance its own icy food items creation capacities and grow its market presence, it claimed.” This key action certainly not simply reinforces our capacity for export development however also supports our access right into the QSR segment. By including Ariba’s state-of-the-art development abilities, our team target to boost our icy snacks and savouries making,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also offers a variety of treats as well as frosted foods items like samosas, naans, parathas, and sweets under the InDine brand name. The firm additionally supplies deal production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition marks an amazing turning point for Ariba Foods.
With our advanced production locations and export competence, we are well-positioned to satisfy Bikaji’s creation demands. Our strategic site and also advanced manufacturing capabilities will enable our team to drive substantial growth in the icy meals type all together.” Intensive Softshare served as the syndicator and also consultant for the deal. Published On Aug 23, 2024 at 02:25 PM IST.
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