.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent stake in Ujjain-based snacks as well as icy foods provider Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Assets will enable Bikaji to boost its frozen meals creation abilities and also grow its market presence, it stated." This important technique not simply reinforces our ability for export growth but additionally sustains our entry into the QSR section. Through including Ariba's cutting edge manufacturing capacities, our experts target to improve our frosted snacks and also savouries manufacturing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a range of snacks and also icy meals including samosas, naans, parathas, and desserts under the InDine brand name. The provider additionally gives contract production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition notes an amazing landmark for Ariba Foods. Along with our advanced creation centers and also export experience, our company are actually well-positioned to meet Bikaji's manufacturing demands. Our critical area and cutting edge production capabilities will definitely permit our company to drive significant development in the icy meals type all together." Demanding Softshare served as the syndicator and expert for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
Sign up with the neighborhood of 2M+ field professionals.Subscribe to our newsletter to obtain most recent understandings & review.
Install ETRetail Application.Get Realtime updates.Spare your much-loved articles.
Scan to install App.