.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent stake in Ujjain-based snacks and also frozen foods items provider Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Assets will certainly permit Bikaji to enrich its own frozen food manufacturing capacities and broaden its own market visibility, it mentioned.” This strategic step not only reinforces our ability for export growth however additionally sustains our access right into the QSR section. By including Ariba’s modern development abilities, our company intend to enrich our frosted snack foods and also savouries making,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and sells a variety of snacks as well as icy foods including samosas, naans, parathas, and sugary foods under the InDine brand name. The company additionally provides arrangement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement notes an impressive turning point for Ariba Foods.
With our advanced creation resources and export competence, our company are well-positioned to meet Bikaji’s production requirements. Our calculated site and cutting edge manufacturing abilities will definitely permit us to drive considerable growth in the frozen food items category all together.” Extensive Softshare functioned as the syndicator and also consultant for the deal. Published On Aug 23, 2024 at 02:25 PM IST.
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