.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent concern in Ujjain-based snacks as well as frosted foods provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Assets will make it possible for Bikaji to enhance its icy food items manufacturing abilities as well as extend its market visibility, it mentioned.” This strategic relocation certainly not simply enhances our ability for export development yet additionally assists our access in to the QSR segment. Through including Ariba’s advanced manufacturing capacities, we intend to boost our frozen treats and also savouries producing,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and sells a selection of treats and frozen meals including samosas, naans, parathas, and desserts under the InDine brand. The company also offers deal manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement denotes a fantastic milestone for Ariba Foods.
Along with our enhanced development facilities and export skills, our experts are well-positioned to comply with Bikaji’s development requirements. Our calculated place and state-of-the-art production abilities will certainly enable our company to steer considerable development in the frozen meals type with each other.” Intense Softshare functioned as the syndicator as well as consultant for the offer. Posted On Aug 23, 2024 at 02:25 PM IST.
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