Zeelandia Group Acquires 100% Stake in Indonesia

Royal Zeelandia Group has acquired a 100% stake in their Indonesian business, after more than 40 years of operation in a joint venture with PT Prambanan Kencana.

“This acquisition is a new chapter in the success story of Zeelandia in Indonesia which further strengthens our leading position in the bakery industry while it fits our growth strategy for the Asia-Pacific area. We thank the people of PT Prambanan Kencana for the successful cooperation over the past 40 years and for the results we achieved together” says Zeelandia CEO Michiel de Ruiter.

Founded in 1900 by the Dutch Doeleman family, Zeelandia has become a global player in the bakery ingredients business.

Zeelandia Indonesia consists of a commercial operation supplied by a Jakarta-based factory that produces a broad portfolio of pastry- and bread ingredients and employs approximately 270 people.

This acquisition is the latest in a series of major global investments this year, that offers an insight into the company’s growth strategy. Two of the most notable such investments happened earlier in 2018, when Zeelandia Group officially opened two brand new factories – one in Colombia and another in Kenya – that produce a broad range of bread & pastry ingredients and release agents for the regional market.