.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent concern in Ujjain-based snack foods as well as frozen foods company Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment will definitely allow Bikaji to enrich its own icy food development capacities and also extend its market visibility, it said." This calculated action certainly not just strengthens our capability for export development however also sustains our access in to the QSR section. By integrating Ariba's modern development capabilities, our experts aim to enhance our frosted snacks and savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as sells a wide array of treats as well as icy meals such as samosas, naans, parathas, as well as sweets under the InDine label. The provider likewise supplies agreement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes a fantastic turning point for Ariba Foods. With our innovative creation locations as well as export experience, our team are well-positioned to satisfy Bikaji's production demands. Our tactical area and modern production capabilities are going to allow our team to steer considerable growth in the frozen food items classification with each other." Extensive Softshare served as the syndicator and specialist for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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