.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snacks and frosted foods items firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Assets is going to permit Bikaji to improve its own frosted food items manufacturing capabilities as well as expand its own market visibility, it mentioned." This important technique certainly not merely enhances our capability for export growth yet additionally assists our entry in to the QSR sector. Through including Ariba's modern production capacities, we target to boost our frosted treats and also savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a range of snacks and icy meals including samosas, naans, parathas, and sugary foods under the InDine label. The provider likewise provides agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes a fantastic turning point for Ariba Foods. With our advanced production facilities and also export skills, our company are well-positioned to fulfill Bikaji's production needs. Our key location and also cutting edge manufacturing capacities are going to permit our team to drive notable growth in the icy meals classification all together." Intense Softshare served as the syndicator and also consultant for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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