.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent concern in Ujjain-based treats and frosted meals business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Assets will allow Bikaji to improve its own frozen food creation functionalities and grow its market visibility, it mentioned." This important move not only strengthens our capacity for export development but additionally sustains our entry in to the QSR segment. By incorporating Ariba's state-of-the-art creation capabilities, we target to enrich our frozen treats as well as savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as markets a variety of snacks and icy foods items like samosas, naans, parathas, and also sugary foods under the InDine brand. The provider additionally delivers contract manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes an impressive breakthrough for Ariba Foods. With our advanced production facilities and also export know-how, our team are well-positioned to satisfy Bikaji's manufacturing needs. Our strategic site and cutting edge manufacturing capacities will permit our team to drive significant growth in the frosted food items type with each other." Intense Softshare worked as the syndicator and expert for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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