.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based snacks and icy foods provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Assets will enable Bikaji to enhance its own frosted food development abilities and also broaden its own market presence, it claimed." This tactical move certainly not merely boosts our ability for export development yet additionally assists our entrance into the QSR segment. By including Ariba's modern manufacturing abilities, we target to enhance our frosted treats and savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as sells a range of snack foods and also frozen foods like samosas, naans, parathas, and also desserts under the InDine brand. The firm also gives agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes a fantastic landmark for Ariba Foods. With our advanced creation facilities and also export expertise, our team are well-positioned to meet Bikaji's creation demands. Our key area and also cutting edge production abilities will definitely allow us to steer notable development in the icy meals type with each other." Demanding Softshare served as the syndicator as well as consultant for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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