Indonesia: Arla to establish joint venture with Indofood
Arla, the Danish dairy business, has announced that it is seeking to expand its footprint in south-east Asia via a joint venture with local player Indofood (ICBP). Describing southeast Asia as “a strategic growth region in Arla Foods’ strategy, Good Growth 2020”, the cooperative said that the new joint venture would handle sales, distribution and production […]
Indonesia: Danone sells dairy operations to Indofood Group
Indofood CBP Sukses Makmur (ICBP), part of the Indofood Group, has acquired a 100% stake in Danone’s dairy operations in Indonesia as it looks to strengthen its own dairy production, according to a report in the Jakarta Post. The deal includes Danone Dairy Indonesia’s trademarks and industrial design for its top selling product, Milkuat, the […]