BRIEF HISTORY OF THE COMPANY

ICBP started in 1982 as the Consumer Branded Product (“CBP”) Group of its parent company, PT Indofood Sukses Makmur Tbk (“Indofood”), producing instant noodles. The CBP Group went into nutrition and special foods in 1985, expanded into snack foods business in 1990 and set up food seasonings business in 1991. The dairy business began in 2008 through the acquisition of Drayton Pte. Ltd., the majority shareholder of PT Indolakto (“Indolakto”). In 2009, Indofood restructured the various consumer businesses under the CBP Group to establish ICBP. Since its incorporation, ICBP has charted the development of its various businesses and taken leading positions in many market segments.

 

The key milestones following the establishment of ICBP are as follows:

 

Year
2009

Incorporation of PT Indofood CBP Sukses Makmur


Year
2010

 Listing on the Indonesia Stock Exchange


Year
2013

Started the Beverage Business


Year
2014

 

  • Entered into the Packaged Water Business through the Acquisition of the Club Brand
  • Expanded the Dairy Business through the Acquisition of the Milkuat Brand

Year
2018

 

  • Acquired full ownership in the Beverages and Culinary Products’ Subsidiaries
  • Expanded Product Distribution of Paper Diapers Business

Year
2020

Acquired 100% shares of Pinehill Company Limited, an instant noodles producer with operations in Africa, the Middle East and South Eastern Europe.