.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 per cent stake in Ujjain-based snack foods and also frozen foods company Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Assets will definitely permit Bikaji to boost its own icy food items creation capabilities as well as broaden its own market visibility, it pointed out." This key technique not only strengthens our ability for export growth however likewise sustains our access into the QSR portion. Through including Ariba's advanced manufacturing capacities, our team target to enrich our frozen treats and savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as markets a selection of snacks and also frozen foods items including samosas, naans, parathas, and also sugary foods under the InDine company. The provider likewise provides deal production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes a stimulating turning point for Ariba Foods. With our enhanced manufacturing facilities as well as export experience, our team are actually well-positioned to comply with Bikaji's manufacturing needs. Our strategic area as well as advanced manufacturing abilities will definitely allow our company to steer notable growth in the icy meals group all together." Intensive Softshare acted as the syndicator as well as specialist for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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