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:
Incorporation of PT Indofood CBP Sukses Makmur
Listing on the Indonesia Stock Exchange
Started the Beverage Business
- Entered into the Packaged Water Business through the Acquisition of the Club Brand
- Expanded the Dairy Business through the Acquisition of the Milkuat Brand
- Acquired full ownership in the Beverages and Culinary Products’ Subsidiaries
- Expanded Product Distribution of Paper Diapers Business
Acquired 100% shares of Pinehill Company Limited, an instant noodles producer with operations in Africa, the Middle East and South Eastern Europe.