PT Indofood Sukses Makmur Tbk, which was incorporated as PT Panganjaya Intikusuma in 1990, has various businesses that have been operational since the eraly 1980s.
Divested majority stake in CMZ
The CBP Group expanded its beverage business by entering the packaged water business, with the acquisition of packaged water assets including the Club brand.
The CBP Group entered the beverage business through JV companies with Asahi Group Holdings Southeast Asia Pte. Ltd., established in 2012.
The Agribusiness Group expanded its sugar business to Brazil and the Philippines through equity investment in Companhia Mineira de Açúcar e Álcool Participações and Roxas Holdings Inc.
Entered the cultivation and vegetable processing business by acquiring China Minzhong Food Corporation Limited, a SGX-listed integrated vegetable processing company in China.
Listed PT Salim Ivomas Pratama Tbk, a subsidiary of the Agribusiness Group, on the IDX.
Listed the CBP Group, PT Indofood CBP Sukses Makmur Tbk, on the IDX.
The Agribusiness Group ventured into the sugar business by acquiring PT Lajuperdana Indah.
The Consumer Branded Products (“CBP”) Group entered the dairy business by acquiring PT Indolakto, one of the leading dairy producers in Indonesia.
Listed the Agribusiness Group, Indofood Agri Resources Ltd., on the Singapore Stock Exchange (“SGX”).
The Agribusiness Group expanded its plantation holdings by acquiring PT PP London Sumatra Indonesia Tbk, an IDX-listed plantation company.
Entered the shipping business through the acquisition of PT Pelayaran Tahta Bahtera.
Expanded its business integration by acquiring a group of companies involved in plantations, agribusiness and distribution.
Commenced backward integration with the acquisition of the Bogasari flour mill.
Renamed PT Indofood Sukses Makmur.
Listed on the Indonesia Stock Exchange (“IDX”).
Incorporated as PT Panganjaya Intikusuma.
Entered the snack foods business through a joint venture (“JV”) with Fritolay Netherlands Holding B.V., an affiliate of PepsiCo Inc.