.Rep ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based treats and frosted meals business Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Financial investment is going to make it possible for Bikaji to enhance its frozen food development capabilities and also increase its market visibility, it said.” This calculated action not only boosts our capability for export growth yet likewise assists our entry right into the QSR section. By incorporating Ariba’s modern production abilities, we intend to improve our icy treats and also savouries manufacturing,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes as well as sells an assortment of treats as well as frosted meals including samosas, naans, parathas, and sweets under the InDine brand name. The business additionally offers agreement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition denotes an impressive milestone for Ariba Foods.
With our innovative creation resources and export proficiency, our experts are actually well-positioned to meet Bikaji’s creation needs. Our critical area as well as advanced manufacturing capacities will definitely allow us to drive considerable development in the frosted food items group all together.” Extensive Softshare functioned as the syndicator and also expert for the offer. Posted On Aug 23, 2024 at 02:25 PM IST.
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