.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snacks as well as icy foods items firm Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Financial investment will enable Bikaji to enrich its frozen meals development capacities and broaden its market visibility, it said." This important relocation certainly not simply reinforces our capability for export growth however likewise assists our access into the QSR section. By combining Ariba's state-of-the-art manufacturing functionalities, our experts target to enrich our frosted snacks and also savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and markets a range of snack foods as well as icy foods including samosas, naans, parathas, and sweets under the InDine company. The firm likewise supplies deal manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement notes a thrilling breakthrough for Ariba Foods. With our state-of-the-art production locations as well as export skills, our company are actually well-positioned to fulfill Bikaji's production needs. Our tactical site as well as modern manufacturing capabilities will definitely permit us to drive substantial growth in the frosted food category all together." Extensive Softshare worked as the syndicator and advisor for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
Participate in the neighborhood of 2M+ sector specialists.Register for our email list to receive most up-to-date insights & evaluation.
Download And Install ETRetail App.Receive Realtime updates.Conserve your favorite articles.
Check to download Application.