.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent stake in Ujjain-based treats and frosted foods provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Assets will allow Bikaji to enhance its own frosted meals production abilities and expand its own market existence, it said.” This key move certainly not merely enhances our capacity for export growth however likewise assists our entry right into the QSR segment. Through combining Ariba’s modern production capacities, our experts aim to enrich our icy snacks and savouries creating,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and sells an assortment of snack foods and also frozen foods items like samosas, naans, parathas, and also desserts under the InDine company. The company also offers contract manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement notes an interesting turning point for Ariba Foods.
With our enhanced production resources and also export expertise, we are actually well-positioned to satisfy Bikaji’s creation needs. Our important area and also advanced production abilities will enable us to drive substantial development in the frozen food group with each other.” Intense Softshare served as the syndicator and specialist for the deal. Released On Aug 23, 2024 at 02:25 PM IST.
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