.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based snacks and also frozen foods company Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Investment will enable Bikaji to enhance its own frosted food development capabilities and also increase its market presence, it stated.” This critical relocation not merely enhances our capacity for export growth but also sustains our entrance into the QSR portion. Through incorporating Ariba’s advanced production functionalities, we aim to boost our frozen treats and savouries making,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes and also offers a variety of treats as well as icy foods like samosas, naans, parathas, and sugary foods under the InDine company. The firm additionally supplies deal production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition notes a thrilling milestone for Ariba Foods.
With our innovative creation resources as well as export competence, we are well-positioned to comply with Bikaji’s production requirements. Our tactical area as well as modern production functionalities will certainly allow us to steer notable development in the frosted food classification with each other.” Extensive Softshare worked as the syndicator and also specialist for the package. Released On Aug 23, 2024 at 02:25 PM IST.
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