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Zeelandia Group acquires 100% stake in Indonesia.

22 October 2018. Royal Zeelandia Group has acquired a 100% stake in their Indonesian business. Since the start in 1977, Zeelandia operated in a joint venture with PT Prambanan Kencana.

With a traditional Indonesian ceremony in the presence of Dutch Embassy representatives the ownership change has been celebrated. “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.

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.

Zeelandia Group acquires 100% stake in Indonesia.