.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent stake in Ujjain-based snack foods as well as icy foods business Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment will allow Bikaji to enrich its frozen food development abilities and extend its market visibility, it said.” This tactical move certainly not merely strengthens our capacity for export development however likewise sustains our access into the QSR segment. Through incorporating Ariba’s modern manufacturing capacities, we intend to enrich our frosted snacks and also savouries making,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and also sells a wide array of snack foods and icy meals such as samosas, naans, parathas, and sweets under the InDine company. The provider additionally offers contract production companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement denotes an amazing turning point for Ariba Foods.
With our state-of-the-art production resources and also export proficiency, we are actually well-positioned to comply with Bikaji’s development demands. Our important area and state-of-the-art manufacturing capacities will certainly enable our company to steer considerable growth in the icy food type together.” Intense Softshare served as the syndicator and also expert for the deal. Released On Aug 23, 2024 at 02:25 PM IST.
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