FrieslandCampina to Take Control of Ultrajaya in Indonesia
Royal FrieslandCampina N.V. has agreed to acquire a controlling interest in PT Ultrajaya Milk Industry Tbk (ULTJ), creating a strategic partnership aimed at strengthening its position in Indonesia’s dairy and ready-to-drink beverage market. Under the agreement, Frisian Flag Indonesia (FFI) will become part of the Ultrajaya Group. FFI and Ultrajaya will continue to operate as…