.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent risk in Ujjain-based snack foods as well as frozen meals business Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Assets will enable Bikaji to boost its frosted food items development functionalities as well as increase its market visibility, it claimed.” This calculated move not just boosts our capability for export development but also sustains our entrance in to the QSR section. By combining Ariba’s modern manufacturing abilities, our experts intend to boost our icy snack foods as well as savouries producing,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces as well as sells a selection of snack foods and also frosted foods items such as samosas, naans, parathas, and desserts under the InDine company. The company likewise delivers arrangement production services. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition marks an amazing breakthrough for Ariba Foods.
Along with our enhanced development centers and export competence, our experts are actually well-positioned to satisfy Bikaji’s development necessities. Our key site and also cutting edge manufacturing abilities will definitely allow our team to drive notable growth in the frosted food items category with each other.” Demanding Softshare served as the syndicator as well as specialist for the deal. Posted On Aug 23, 2024 at 02:25 PM IST.
Sign up with the community of 2M+ market specialists.Subscribe to our e-newsletter to receive newest insights & analysis. Install ETRetail App.Obtain Realtime updates.Spare your favorite write-ups. Check to download App.